BTC Dominance has broken down from the ascending triangle pattern and is currently trading above the horizontal demand zone. The 21MA and 50MA are both acting as resistance barriers above the current price action.
A breakout above both MAs will signal further upward movement, while a breakdown below the demand zone will indicate potential downward continuation. Keep an eye on upcoming price action developments.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.
Coinbase Institutional's latest monthly outlook report highlights significant leverage clearing from the crypto market after the October 10 liquidation, suggesting a short-term bottom may have formed. Based on options implied distribution, BTC price expectations for the next 3–6 months are between $90K and $160K, with a bullish tilt. The report also cites Fed rate cuts, liquidity easing, and new regulations as medium-term tailwinds, potentially extending the current cycle to 2026. $BTC #BTC #cryptouniverseofficial #crypto @WhaleGuide_
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