BTC Dominance - Ranging, good for altcoins!
What is BTC Dominance doing? Sitting in a very tight range... doing mostly nothing.
I think this is bullish for alts... since whenever BTC is just chilling, selected alts can pump hard. No surprise some alts did a new ATH today, like SUSHI...
So long we don't move out of this box / range I think we can expect selected altcoins to pump. This wont be an alt season like in early Feb, but I'll take it! :)
What is certain is that this calm will be followed by a storm and BTC will likely make a violent move at some point in the future which will tilt us out of this range one way or another. No way to tell right now. Indicators are also flat - no clear trend right now.
What is curious is that we have not ranged for so long in some time (>1 month) and this may last a while.
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I think this is bullish for alts... since whenever BTC is just chilling, selected alts can pump hard. No surprise some alts did a new ATH today, like SUSHI...
So long we don't move out of this box / range I think we can expect selected altcoins to pump. This wont be an alt season like in early Feb, but I'll take it! :)
What is certain is that this calm will be followed by a storm and BTC will likely make a violent move at some point in the future which will tilt us out of this range one way or another. No way to tell right now. Indicators are also flat - no clear trend right now.
What is curious is that we have not ranged for so long in some time (>1 month) and this may last a while.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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