as it seems, before or to make possible ALT season, BTC should loose dominance and to do so, the area where btc should drop is the market area, around 75-80k
will this happen, we will see the next 10 days.
will this happen, we will see the next 10 days.
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why i think that BTC should and must go to the marked area?for those who are into the market last 2-3 years, you already know that everyday tons of new projects are entering into the market, each of those projects are using the MC that is already not increasing even why the halving happened.
so if the MC of the crypto is not increasing, to make the ALTS Season, that money should be pulled from BTC MC, to pull out that money BTC must retrace to 80-75K, otherwise i dont think Alts season will ever come.
Note
It is falling slowly, but dominance it is increasing. monday will be interesting to see what will happen
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.