Bitcoin Dominance Signals The Crypto Bull Run Remains Active – Analyst — TradingView News
The crypto market has endured a turbulent period in recent weeks, as the total market cap has crashed by over 18% in the last month, with Bitcoin leading the decline. Amid this heavy correction, data on Bitcoin Dominance counters circulating narratives of the market top being in.
Bearish Bitcoin Dominance, Bullish Market Outlook
Popular market analyst with X username Colin Talks Crypto has shared some insights correlating the Bitcoin Dominance (BTC.D) with spotting altcoin and Bitcoin bull run peaks. Notably, Collin Talks Crypto responded to an analysis by Matthew Hyland, who highlighted that Bitcoin Dominance’s weekly chart is exhibiting a bearish trend, characterized by a negative RSI setup and the formation of a bear flag pattern.
