Ready for Altcoins Season? Bitcoin Dominance Analysis
Critical Level: #Bitcoin Dominance hovers around the pivotal 55% mark, with potential outcomes hinging on breakout or rejection from 55%-57% resistance.
Altcoin Scenario: Breakout could trigger an altcoin bloodbath, while failure could signal a significant altcoin season, potentially leading to new all-time...
Bitcoin dominance is at major support. If dominance break below the support zone we will see a good rally in altcoins. The DeFi hype may break the support zone and bring a good altseason. Many altcoins did 3-5x from their all-time low price. The alt rally will attract new investors and that will increase the price of bitcoin also.
The dominance will bounce back...