Bitcoin dominance is showing resilience right now. The key observation here is that it failed to break through the 21-week moving average, which is actually a bullish signal. This mirrors the market dynamics we saw back in 2019, a period many traders still reference as a playbook.
Looking at the bigger picture, the current setup resembles that 2019 timeframe pretty closely. Back then, we also saw price action briefly dip below the 50-day MA before recovering. If history doesn't repeat but rhymes, we might be setting up for a similar bounce scenario.
The dominance holding above key technical levels suggests the market structure remains intact. Worth keeping an eye on how we navigate these moving averages in the near term.
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POAPlectionist
· 9h ago
Does the 2019 setup still work now? I think it's risky.
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MoonRocketman
· 01-07 19:03
The 21-week moving average hasn't broken, this is just a fuel check before launch. Directly comparing it to the 2019 orbital parameters, friends who understand that history rhymes will get this concept... The current question is whether BTC's dominance can stay above the key support, which is the crucial factor in determining whether it can break through the atmosphere. In the next few weeks, keep a close eye on the rebound strength of the 50-day moving average.
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ExpectationFarmer
· 01-06 19:01
Is the 2019 version coming back? Wake up, this time it's different.
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SmartContractPhobia
· 01-06 19:01
The same old trick from 2019 is back? After that rebound, what happened? It was smashed again in just a few months.
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StableCoinKaren
· 01-06 18:54
The 21-week moving average hasn't broken, isn't this just a replica of 2019? It also rebounded like this back then.
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LiquidationWizard
· 01-06 18:50
The 21-week moving average is blocking again. Is the 2019 script about to play out once more? Will history repeat itself? I really don't believe it anymore.
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TommyTeacher
· 01-06 18:49
The 2019 market trend is really etched in my mind. Now, this rhythm is becoming more and more similar, and I can’t hold on a bit longer.
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just_here_for_vibes
· 01-06 18:35
It would be great if the 2019 trend could be reproduced. This current rebound is really uncertain.
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MetaNomad
· 01-06 18:34
The 21-week moving average hasn't been broken, this is a signal... That wave in 2019 really looks similar, but will history repeat itself? Honestly, I'm more concerned about when the mainstream coins will rise.
Bitcoin dominance is showing resilience right now. The key observation here is that it failed to break through the 21-week moving average, which is actually a bullish signal. This mirrors the market dynamics we saw back in 2019, a period many traders still reference as a playbook.
Looking at the bigger picture, the current setup resembles that 2019 timeframe pretty closely. Back then, we also saw price action briefly dip below the 50-day MA before recovering. If history doesn't repeat but rhymes, we might be setting up for a similar bounce scenario.
The dominance holding above key technical levels suggests the market structure remains intact. Worth keeping an eye on how we navigate these moving averages in the near term.