Bitcoin charts suggest the ‘dominance train’ is coming, traders say

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Coin Coin Headlines News

Bitcoin’s dominance chart is forming an ascending triangle showing potential for it to increase its market share, traders suggest.

“The BTC dominance train is about to leave the station,” crypto trader and Into The Cryptoverse founder Benjamin Cowen declared to his 810,700 followers in a March 27 X

An ascending triangle pattern on a chart develops when the price consolidates between an upward trendline support and a horizontal resistance trendline. Beanie suggested Bitcoin’s dominance usually grows in bear markets as crypto-native investors flock to it as a safe haven, preferring its stability over more risky and speculative digital assets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin & Bitcoin Cash Among Top Crypto Gainers as Crypto Prices Pump: What About Green Bitcoin?Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

'Rich Dad Poor Dad' Author Kiyosaki Recognizes Bitcoin's Dominance Over GoldRenowned author Robert Kiyosaki heralds Bitcoin's dominance over gold and silver
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin Dominance Rises to 2-Month High as Markets Cool Off Following Massive Gains (Market Watch)Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin Dominance and Altcoin Prices: Expert's PerspectiveMarkus shares his perspective on the current dominance of Bitcoin in the crypto bull market and its impact on altcoin prices.
Source: Utoday_en - 🏆 295. / 63 Read more »

2024 Will Be a Pivotal Year for Bitcoin’s Financial Dominance2024 will provide the first evidence of what a Bitcoin-powered financial system might resemble
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin (BTC) Dominance Grows as Altcoins Go in Retrace Mode (Market Watch)Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »