VIP MARKET UPDATE: $BTC DOMINANCE ➖➖➖➖➖➖➖ BTC.D surged as expected following the breakout from the descending triangle and is now testing a key resistance level. A rejection at this point could signal a potential pullback, while a successful breakout would serve as further bullish confirmation.
It's important to note that BTC.D typically moves inversely to the altcoin market cap. This means a rise in BTC.D often leads to underperformance in altcoins, whereas a decline in dominance could indicate a stronger altcoin market. ➖➖➖➖➖➖➖
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VIP MARKET UPDATE: $BTC DOMINANCE
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BTC.D surged as expected following the breakout from the descending triangle and is now testing a key resistance level. A rejection at this point could signal a potential pullback, while a successful breakout would serve as further bullish confirmation.
It's important to note that BTC.D typically moves inversely to the altcoin market cap. This means a rise in BTC.D often leads to underperformance in altcoins, whereas a decline in dominance could indicate a stronger altcoin market.
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