Dominance is falling off of a cliff, as expected. The 4-year cycle remains almost perfectly intact, which is quite astounding. Bitcoin makes a move 6-8 months after the halving, consolidates, and altcoins go crazy. As you can see, we are back in December… 2016, 2020 and now 2024. In these years (so far) Bitcoin Dominance has topped and fallen… hard. It seems to be happening again, with Dominance at below 55% after topping at almost 62% just a week and a half ago.
Have fun trading altcoins while it lasts!
Have fun trading altcoins while it lasts!
scott.melker@texaswestcapital.com
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.
scott.melker@texaswestcapital.com
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.