$BTC.D is at key Fib Retracement level. More upside-expected

The most important story of this Crypto cycle has been the relentless strength of BTC against other crypto. The index BTC.D which measures the dominance of BTC in the total Crypto market in terms of Market Cap hit its low in Dec 2021 when BTC.D hit a multi-year low of 39%. That means only 39% of the Total Market Crypto can be attributed to $BTC. But since then, the Fed quantitative tightening began and most of the cryptos faced a meltdown. Even though BTC faced a bear market in USDT terms but still it fell less than the average Crypto. Since then, the BTC.D chart has made a bullish double bottom and then made new higher lows and higher highs. If we plot the Fib retracement levels on the BTC.D weekly chart we saw recently that the Dominance chart stalled around 0.5 and 0.618 Fib levels. Since then, the Dominance chart has been making new highs and broken past the 0.618 . The next key level is 0.786 which will take the dominance to 66.12% percent. Watch out for my blog when BTC.D reaches the key level for more insights.