Bitcoin has returned to 11 200 while ethereum hovers above 380. Following the wild weekend ride in the cryptocurrency market the situation appears less volatile now at least among most large cap assets. Some altcoins are taking advantage and have reduced bitcoin s dominance over the market.
Ideally an altseason would be in full swing if bitcoin s dominance falls below 50. This is mainly a psychological position that will motivate altcoin bulls to go all in on altcoins if broken. At the time of writing this this is now clinging on 60.
At its peak performance bitcoin s dominance was around 70. Bitcoin has soared this week rocketing above 11 000 for the first time since august last year and adding around 20 as the bitcoin price soars bitcoin s real crypto market dominance is revealed. Use this link to register get 10 off fees and 50 usdt when trading 500 usdt limited.
Special offer sponsored binance futures 50 usdt free voucher. Most altcoins have been continuously in the green frequently with double digits suggesting that there s indeed an ongoing altseason. As of now it s at 60 4 the lowest point in over a year.
Btcd bounces at long term support the bitcoin dominance rate has been declining alongside a descending support line since it reached a high of 68 92 on may 7. However we cannot yet state with certainty that the trend is bullish. On july 26 the bitcoin dominance rate btcd reached a long term support area at 62 50 and initiated a rapid bounce that is still ongoing.
This is around where it has been trading at in the time following its overnight rejection at 10 200. Bitcoin dominance reaches historically important support level at the time of writing bitcoin is trading up over 2 at its current price of 9 920. The value is taken from coinmarketcap and btse has plans to add values from tradingview in the near future.
Bitcoin dominance futures have become an increasingly popular new trading game for bitcoin holders allowing investors to bet on bitcoin s overall market cap dominance compared to other coins on the market.
Bitcoin dominance now. Today we will talk about bitcoin dominance and its wave structure from elliott wave perspective. We will also show you how it can be useful in analyzing xxx btc cross pairs with the help of ew. If we take a look on btc d daily chart we can see a sideways consolidation for almost a year which usually suggests a corrective movement. Cryptocurrency combined market cap charts bitcoin dominance charts and more.
According to the new measure of bitcoin dominance bitcoin currently makes up 79 of the cryptocurrency market up from the 62 bitcoin market share calculated by the oft cited crypto data website.
According to the new measure of bitcoin dominance bitcoin currently makes up 79 of the cryptocurrency market up from the 62 bitcoin market share calculated by the oft cited crypto data website. Cryptocurrency combined market cap charts bitcoin dominance charts and more. If we take a look on btc d daily chart we can see a sideways consolidation for almost a year which usually suggests a corrective movement.
We will also show you how it can be useful in analyzing xxx btc cross pairs with the help of ew. Today we will talk about bitcoin dominance and its wave structure from elliott wave perspective.
