BTC Dominance trendline broken
Is Bitcoin going to let alts get some more room to grow? Looks like it will!
Let's not forget that even if defi coins and some others small caps are already having crazy returns, the bigger cap alts like eth, ltc, bch, xrp are still in a downtrend. That means that if BTC dominance falls below 64% and makes a lower low, it could confirm a start of a downtrend and big alts are going to start moving.
Is the party about to begin?
PS: A decreasing btc dominance does not mean that the price of btc is going to fall, but just that it is might increase in a slower pace that the alts. In my opinion for alts to increase BTC must remain at least a little bit bullish...
Let's not forget that even if defi coins and some others small caps are already having crazy returns, the bigger cap alts like eth, ltc, bch, xrp are still in a downtrend. That means that if BTC dominance falls below 64% and makes a lower low, it could confirm a start of a downtrend and big alts are going to start moving.
Is the party about to begin?
PS: A decreasing btc dominance does not mean that the price of btc is going to fall, but just that it is might increase in a slower pace that the alts. In my opinion for alts to increase BTC must remain at least a little bit bullish...
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