The highlighted white box represents a strong resistance zone for Bitcoin dominance. The chart has tested this level multiple times but has failed to break it so far. If Bitcoin dominance manages to break this level, it could signal further upside momentum. Potential Move to Zone B:
The blue arrow indicates a possible corrective move if Bitcoin dominance fails to break the resistance at Zone A. Zone B, the highlighted gray box, appears to be a significant support area. A reaction can be expected if the chart moves toward this zone.
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Bitcoin Dominance Analysis: Zone A (Resistance Area):
The highlighted white box represents a strong resistance zone for Bitcoin dominance. The chart has tested this level multiple times but has failed to break it so far. If Bitcoin dominance manages to break this level, it could signal further upside momentum. Potential Move to Zone B:
The blue arrow indicates a possible corrective move if Bitcoin dominance fails to break the resistance at Zone A. Zone B, the highlighted gray box, appears to be a significant support area. A reaction can be expected if the chart moves toward this zone. Scenarios: Bullish Scenario: If Bitcoin dominance successfully breaks above Zone A, it will indicate Bitcoin gaining strength relative to altcoins. This could mean a shift of liquidity from altcoins to Bitcoin.
Bearish Scenario: If Bitcoin dominance fails to break the resistance and moves downward, the next target will likely be the support zone at Zone B. This could signify increased focus on altcoins.
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