The Coin Detective
Coins:
1978
Market cap:
$ 2737.90B
Volume 24h:
$ 173.37B
BTC dominance:
50.9%

Bitcoin Dominance (BTC.D) Heading Towards 2017 Lows for CRYPTOCAP:BTC.D by kyer

By tradingview.com on August 21, 2021


Quick update on my previous Bitcoin Dominance chart from earlier this year, looking at the weekly time frame. The start of 2021 we saw BTC.D topped out at 70.21% and consistently fell until the market crashed in April - May. The Dominance % bounced off 44% and slowly started creeping back up. A major key in analyzing this trend was seeing that the dominance didn't even reject or touch the 50% dominance level, signaling that the move upwards was a relief rally and the downtrend will …

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