Bitcoin Dominance (BTC.D) about to hit the given level

1 849
Bitcoin Dominance (BTC.D) measures Bitcoin’s market capitalisation as a percentage of the total cryptocurrency market cap. It’s a key metric for understanding market sentiment, reflecting whether investors favor Bitcoin (BTC) over alt coins or vice versa. Technical analysis of BTC.D involves studying its chart patterns, indicators, and levels to gauge potential market trends, such as Bitcoin strength or alt coin season.

Chart for your reference

-- Disclaimer --

This analysis is based on recent technical data and market sentiment from web sources and X posts. It is for informational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.