Bitcoin dominance just had a change in character.
I expected $BTC.D to retest the blue level & potentially use it as support, as it already did a few months ago...
But this morning, literally right now, we're seeing a breakdown.
In other words, a lower low.
Let me be clear...
The multi-year uptrend in BTC.D is intact.
However, you can make the case that we've entered a downtrend based on this lower low, which still needs a lower high to confirm it.
So far, we've still achieved higher highs.
This will be a big test here for two reasons:
1. Where will the lower low form?
2. Will the lower high form, and when/where?
These are arguably the two most important crypto questions right now.
Good luck.
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