DU09

BTC Dominance - Ranging, good for altcoins!

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
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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