Despite the crash, the Bitcoin advantage chart is still high, what does this mean for altcoins

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Despite the crash, the Bitcoin advantage chart is still high, what does this mean for altcoins

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Despite last week’s collisionBitcoin Advantage (BTC.D) maintains a significant increase, enhancing its strong position on the chart. This continued dominance continues to grow towards Bitcoin (BTC) still attracts the attention of a large number of investors, making the rest of the market, especially Altcoins, and especially Altcoins, especially Altcoins, and especially Altcoins. Try to keep pace.

Bitcoin’s advantageous ability ahead, eyes are mainly resistant

Since then, Bitcoin has gradually recovered its market share. Better than altcoins In almost all categories, Price performance and market value. Based on the chart, this momentum has allowed BTC.D to climb key resistance levels at a height of 48%, 52%, and more than 60% of the recent 48%, 52%, and 52%.

Despite a brief answer last week, Daan Crypto is still highlighting BTC.D Chart Still bullish, flagship cryptocurrencies continue to attract large capital inflows. The most prominent thing about Bitcoin’s rising advantages is its stability Methods for key resistance levels At 71.3% – historically marked as BTC.D top.

Analysts charts show three failed attempts to break that level in 2019, 2020 and 2021. Each rejection has important Altcoin rally, suggesting that the region could once again become an important battlefield between Bitcoin and Bitcoin. A wider altcoin market.

If BTC.D revisits this Historical resistance levelDaan Crypto trading shows that it can serve as a key signal for traders to closely monitor Altcoins behavior, as any rejection may inspire a strong rotation of capital back into Altcoins.

Currently, Bitcoin is still in control Institutional inflowdemand increases, usually Positive market sentiment. On the other hand, AltCoins continues to lag behind and fall into trouble due to reduced liquidity and weak investor interest. despite this, Historical price trends It shows that Altcoins may help make a comeback once Bitcoin dominance peaks and begins to plummet, which suggests the possible start of the Altcoin season.

Analysts say BTC.D is reaching its peak

After months of steady growth, crypto analysts identified as “CT_TAC” on X announced that Bitcoin’s advantage may be approaching its peak. he reveal BTC.D also flashes with potential weaknesses after decomposing from the rise Wedge pattern And strive to regain the lost stance. This collapse marked a critical shift in momentum, BTC.D in Try to recover.

It is worth noting that the continued movement of Bitcoin’s lower advantage will indicate that capital has finally begun to spin the spin from flagship cryptocurrencies to Altcoins, a necessary condition Altcoin Season. As BTC.D is still struggling to recover its previous highs, analysts noted that next week’s performance is critical to determining whether it continues to rise. Decline to a new low.

Featured images from Pixabay, charts from TradingView.com

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