BTC Dominance, Up or Down ? Both good for crypto!

As we can see in the above chart BTC dominance is at a crucial point, It is at a resistance which is tested multiple times in last 2 years but failed to break it.

We can expect 2 + 1 scenario based on the above chart.

Scenario A: Bitcoin will pump and Alts will bleed which will result in break of this resistance for Bitcoin dominance. So if you are holding bitcoin you are gonna be very lucky

Scenario B: Bitcoin price will remain the same or see a minor correct but Alts will pump like a bull market. this can result in BTC dominance getting rejected at the resistance.

Scenario C: Both Bitcoin and Altcoins will crash and Bitcoin dominance doesn't matter anymore.

Personally i'm expecting Bitcoin dominance to increase in the upcoming weeks and we can expect the dominance to break-out the resistance in the upcoming month.
Bitcoin price will increase similar to past bull runs and Alts will follow the bitcoin price only after few months when bitcoin starts consolidating.

In a bull run Bitcoin always leads the rally and Alts simply follows it.!

GreenCrypto