Bitcoin dominance has been sliding within a well-structured descending channel since early August. Now, it’s touching the channel’s lower boundary — a level that has previously sparked strong reversals.
A bounce from here could ignite a short-term uptrend in BTC dominance, targeting the channel’s midline and possibly its upper boundary.
If this happens, capital is likely to rotate back into Bitcoin, applying pressure on altcoins and triggering a corrective phase in the broader altcoin market.
Key Takeaway: Watch for bullish price action at the channel’s floor. A confirmed breakout in dominance could mark the start of an “altcoin cooldown” phase.
A bounce from here could ignite a short-term uptrend in BTC dominance, targeting the channel’s midline and possibly its upper boundary.
If this happens, capital is likely to rotate back into Bitcoin, applying pressure on altcoins and triggering a corrective phase in the broader altcoin market.
Key Takeaway: Watch for bullish price action at the channel’s floor. A confirmed breakout in dominance could mark the start of an “altcoin cooldown” phase.
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
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🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.