Bitcoin Dominance Still Holding Technical Chart Uptrend For Investors

Bitcoin dominance (BTC.D) continues to hold strong at 55%. There is a distinct uptrend that has been in play since June 2023. Essentially, as soon as chatter started about the Bitcoin ETF approvals, Bitcoin has moved higher in dominance.

As of now, the trend is your friend applies. Should the lower trend line break, and price moves below it, then alt coins may be gaining. Many crypto investors continue to guess at when alts will run and gain against Bitcoin. The uptrend channel on Bitcoin dominance is likely the best way to watch for that event to happen.

Investors and traders in the crypto markets should avoid the hype that makes them fomo into coins, instead follow the data and charts. Verified Investing is here to give the facts, data and chart analysis. Verified Investing fights for the small investor, helping them not get swept up in social media hype or mainstream media fud.