Bitcoin Dominance Is Still Here

Bitcoin Dominance Is Still Here, as we see an unfinished five-wave impulse from Elliott wave perspective.

Despite the fact that Bitcoin is breaking all-time highs and that some ALTcoins are already on the rise, Bitcoin dominance is actually still here and there can be space for more upside to complete a five-wave bullish impulse before Bitcoin dominance slows down and ALTcoin dominance kicks in. From Elliott wave perspective, we are tracking a bullish triangle in wave 4 that can push Bitcoin dominance towards 57% – 60% for wave 5.

(Click on image to enlarge)

btcDomD

 For a detailed view and more analysis like this, you may want to watch below our recording of a latest live webinar streamed on March 11 2024:


More By This Author:

Bitcoin Breaks All-Time Highs In An Impulsive Fashion
MicroStrategy Breaks 2021 Highs Impulsively
DAX Is Eyeing 18K Area

STOCKS IN THIS ARTICLE

Also Mentions:

Comments