Bitcoin Forms First Daily Death Cross On Dominance Chart In 4 Years, What To Expect Next

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Bitcoin Forms First Daily Death Cross On Dominance Chart In 4 Years, What To Expect Next - NewsBTC

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Related Reading: Solana Price Will Complete 1,800% Surge To $4,000 With This Formation: Analyst In this instance, the daily death cross on Bitcoin’s dominance chart is forming at a macro high for the first time in four years, according to Kevin’s analysis.

Interestingly, technical analysis shows that Bitcoin dominance has faced a macro golden pocked rejection two different times in the past three months, a phenomenon that lends further weight to the change in market dynamics if a death cross were to eventually manifest.

Bitcoin Dominance Chart Forms Daily Death Cross According to a technical analysis of the Bitcoin dominance chart, the leading cryptocurrency is about to form a death cross in the daily candlestick timeframe.