The current Bitcoin Dominance is
Our chart excludes major stablecoins such as USDT, USDC and DAI as well as more than 20 different Stable coins, providing you a more accurate representation of the Bitcoin Dominance.
The Bitcoin Dominance Chart excludes the following stablecoins, giving you more precise data.
This chart can be used for technical analysis, the BTC dominance chart respects both support and resistance. This can be used as an indicator in your trading analysis.
As the Bitcoin Dominance goes up, Altcoins lose Bitcoin value, Pairs like ETH:BTC and BNB:BTC go down as a result. When this happens, Bitcoin effectively outperforms the altcoin market in general. When the Bitcoin dominance goes down, Altcoins tend to rally and outperform Bitcoin.
Support and Resistance lines can be drawn to properly estimate when it may be a good time to either exit or enter Bitcoin/Altcoin positions. When the BTCD is at resistance, it may be an indicator that it's time to get some positions on altcoins. Trading BTC:Altcoin pairs is much easier with this tool since it serves as a valuable indicator.
Traders can use the Bitcoind Dominance Chart as an indicator to scalp Bitcoin or Altcoins during their trades.
Below we have an example of some technical analysis performed on the Bitcoin dominance chart and how we can use the chart as an indicator.