BTC Dominance - Altcoins decimate BTC, ETH leading the charge
BTC Dominance has taken a hit, especially since ETH broke out of its ATH resistance.
Now we've reached a critical support. If we fall here, well, altcoins season will be in full swing and BTC may continue to lag.
Indicators are a bit of a mixed bag and I am concerned that on the weekly MACD we crossed on the negative side... so while we may hold here for a while, we may drop lower eventually. Hard call.
Watch this level closely as it will be telling of what is to come. I don't see why ETH won't continue its charge up, so BTC may be in trouble (market dominance wise) if it does not pump soon. Alts are having a feast, especially DEFI + ETH.
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Now we've reached a critical support. If we fall here, well, altcoins season will be in full swing and BTC may continue to lag.
Indicators are a bit of a mixed bag and I am concerned that on the weekly MACD we crossed on the negative side... so while we may hold here for a while, we may drop lower eventually. Hard call.
Watch this level closely as it will be telling of what is to come. I don't see why ETH won't continue its charge up, so BTC may be in trouble (market dominance wise) if it does not pump soon. Alts are having a feast, especially DEFI + ETH.
Like and follow if you liked this idea. Also join my crypto community to stay in touch!
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