#Will November be Moonvember?

The chart shows the movement of Bitcoin dominance (BTC.D) in a 4-hour timeframe. We can see that the chart is in an ascending channel, where the price consistently touches the upper and lower channel boundaries, showing a stable rise in dominance. Currently, dominance is around 60.6%.
Key points for analysis:
1. Ascending trend: It can be seen that the price respects the boundaries of the channel, confirming the trend. The upper boundary of the channel is a resistance zone, and the lower one is a support zone.
2. Support and resistance: The current price is close to the upper channel boundary. This may indicate a possible downward correction to the lower boundary if the resistance level is held.
3. 50-period Moving Avarage (blue line): serves as support in this movement. As long as the price is above it, the probability of trend continuation is high.
4. Further movement: If the price moves beyond the upper boundary of the channel, this may signal further growth in BTC dominance.
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