BTC Dominance broke the resistance levels of 44,50%

As state above, yesterday, BTC managed to break the dominance resistance of 44,50%. It seems to be not mentioned in this sub, i guess this is because of all the other entertainment we are being supplied at the moment.

BTCD has been in a long-term parallel channel that started in May 2021. Back in May 2021 a sharp decline in BTC dominance led to the famous altcoin season.

Since May '21, Bitcoin dominance has respected resistance in the 48-49% range (red circles) and support in the 38.50-39.50% range (blue circles). Meanwhile, two other key levels have emerged in 2022: support at 41.50% and resistance at 44.50%.

The fact that we broke this resistance level, suggests that the upward move remains strong and the trend can be expected to continue.

I don't want to give anyone an overdose of hopium, but for me it seems to be quite a (hopefully positive) milestone.

These are just my few cents, but hey, as we all know, we all know shit about fuck!