BTCD / BTC DOMINANCE

7 сент. 2024 г.

BTC Dominance (BTCD) Analysis: Weekly Timeframe 📊

The chart displays Bitcoin’s dominance (BTCD) on a weekly timeframe, marking significant dates for potential opportunities.

🟢 September 16, 2024 - Buy Date (Green Line):
This line indicates a potential local bottom in Bitcoin dominance, suggesting an opportunity to accumulate BTC or Bitcoin-dominant assets as dominance may increase.

🟢 October 7, 2024 - Buy Date (Green Line):
Another local bottom is forecasted for this date, offering another entry point to increase Bitcoin-related positions as dominance is expected to rise after this period.

🟢 January 13, 2025 - Buy Date (Green Line):
A significant bottom in BTC dominance is expected around this date, making it a favorable time to enter long positions in BTC as dominance may rise moving forward.

🟢 February 10, 2025 - Buy Date (Green Line):
This date marks another forecasted low in BTC dominance, which could be another ideal opportunity to accumulate long positions.

🟢 March 24, 2025 - Buy Date (Green Line):
A potential local bottom around this time offers another chance to enter Bitcoin dominance-related positions before a forecasted increase.

🕒 Note: All times are based on Los Angeles time (UTC -7). Cross-reference this analysis with higher timeframes and always account for a potential 1-2 candle margin of error.