🔥 Bitcoin Dominance Falling: Alt-Season Finally Starting?

2023년 4월 16일

In my most recent analysis on BTC.D I wrote that we were at an important resistance area. We would either blast through the resistance, and continue the Bitcoin-only bullish move, or we'd see a reversal where alts would start to outperform Bitcoin by a large margin.

As seen on the chart, BTC.D has seen a reversal from the top resistance area. This has given alts, especially ETH, more room to grow.

I'm not entirely sure whether we're going all the way back down towards the bottom support, but at least we can get a couple of weeks with better alt returns?

For now, I'm assuming that the decline in Bitcoin dominance is temporary, so let's enjoy the alts while it lasts.