BTC Dominance - Looking for a double-bottom @ 62
Updated
Altcoins may see continued favor for a short period. I'm looking for a double-bottom where the 2nd circle is drawn.
After we hit 62% again, I think we'll see a massive rise in BTC dominance and bitcoin value.
Many will exit altcoins until bitcoin reaches near its new peak value, and then a real altcoin season will start, before everything starts correcting again.
Here was my previous idea for BTC D:
After we hit 62% again, I think we'll see a massive rise in BTC dominance and bitcoin value.
Many will exit altcoins until bitcoin reaches near its new peak value, and then a real altcoin season will start, before everything starts correcting again.
Here was my previous idea for BTC D:
Note
Bounced where predicted, alts getting destroyed at the moment with a few exceptions.
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