The post Retail Surge Sparks Bearish Outlook As Bitcoin Dominance Wanes appeared on BitcoinEthereumNews.com.

Este artículo también está disponible en español. The cryptocurrency market’s recent dominance by Bitcoin has decreased below 50%, indicating a potential adverse trend as retail activity increases. This change prompts inquiries regarding market dynamics and investor sentiment. Bitcoin’s dominance has been a critical indicator of whether the market is in a bull or negative cycle throughout history. As Bitcoin’s dominance is growing, usually, it means a defensive market where investors would prefer the relatively safer alternative of Bitcoin rather than altcoins. Related Reading Whereas a fall usually means the investor is likely to increase his risk and very often prefers to invest in altcoins for possible higher returns. Crypto analyst Alan Santana identified three significant warning signals for Bitcoin’s dominance in an X post on Tuesday, as retail investors resumed trading after an extended period of inactivity. #BTCdominance 🅱️ 3 Bitcoin Dominance Bearish Signals + Fibonacci Time Calculations I would like to show here mainly three signals that can be considered bearish on this chart, Bitcoin Dominance (BTC.D). 1) There is a Doji on the 16th of September. Coming at the top of a trend… pic.twitter.com/enQAeVo5MB — Alan Santana (@lamatrades1111) October 21, 2024 The Increase In Retail Activity As Bitcoin’s supremacy wanes, retail investors are getting increasingly active. Usually, this rise in retail involvement comes with a decline in Bitcoin’s market share since these investors transfer to altcoins in search of better earnings. The current situation is reminiscent of previous cycles, during which the increase in retail interest resulted in a substantial decrease in Bitcoin’s dominance. For example, Bitcoin’s dominance declined significantly during the 2021 bull market as new altcoins gained momentum, diverting attention from the original cryptocurrency. BTCUSD trading at $66,834 on the daily chart: TradingView.com General Shift In Investor Mood Market experts say that this trend isn’t just…

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Filed under: News - @ October 24, 2024 4:23 pm