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BTC Dominance Analysis Bitcoin dominance has broken down from its rising wedge pattern with significant volume and is now trading within a crucial horizontal support/resistance zone. A breakdown below this level could lead to further declines, but a rebound from here is also possible. Keep a close eye on upcoming price movements for confirmation. It's important to remember that BTC dominance often has an inverse relationship with the altcoin market cap.
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$BTC .D 1W Chart #Altseason Confirmation - A Break Below the EMA50 📉 Are you ready? 😏
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Institutional demand for Bitcoin is surpassing the new supply, with 545,579 BTC purchased so far this year, while only 97,082 BTC has been newly supplied. Keep in mind, there will only ever be 21 million BTC in existence.
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$XRP has decisively broken through the bullish flag resistance 📈 The volume confirmation indicates that this breakout is genuinely legitimate, and bears are quickly retreating 😏 As this rally gains momentum, $XRP holders are poised to see a rise toward $5 🎯
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$WLD is rebounding perfectly from the support zone of the symmetrical triangle! 🔍 This daily pattern demonstrates impressive strength, with bulls effectively defending this level. 🔺 If momentum continues to build, $WLD could potentially soar towards the $3.80 target zone. 🎯
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