VIP Market Snapshot: Bitcoin Dominance ($BTC.D) on the Move
What’s Happening with BTC Dominance?
Bitcoin Dominance (BTC.D)—a key metric that tracks Bitcoin’s market share relative to the entire crypto market—is currently climbing and inching toward a major resistance level.
Why It Matters:
This resistance zone is worth watching closely. Historically, when BTC.D hits resistance and gets rejected, it often triggers a shift in momentum toward altcoins—commonly known as the start of "altseason."
Key Takeaways:
BTC Dominance is trending upward and nearing a critical resistance zone.
A rejection at this level could mark the beginning of an altcoin surge.
This trend suggests a potential rotation of capital from Bitcoin into altcoins.
Looking Ahead:
Keep an eye on BTC.D’s behavior at this resistance point. If history repeats, altcoins may be gearing up for a strong run.
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