BTC Dominance possible bounce scenario (just a possibility)
Fractal taken directly from when we reached this support zone in the last bull run and saw multiple bounces over the course of many months. The RSI indicates that this is a possibility as right now BTC dominance is undervalued by a few % - every time we have seen this we have seen a bounce. This is not the scenario we want as it means we likely won't see a full-blown alt season for many months (October according to this analysis).
Personally, I do not think we will see something like this happen, we may see a bounce or two however I am expecting a drop below that support line in May.
Personally, I do not think we will see something like this happen, we may see a bounce or two however I am expecting a drop below that support line in May.
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