Update on Bitcoin Dominance Chart đ§
While everyone was talking about altcoin season, I noted that we had RSI divergences and a double bottom â signaling that dominance would start returning to Bitcoin, marking the end of the current mini altseason.
This is happening now: Bitcoin remains stable, while altcoins â whose recent rises were mainly retests of broken patterns after the September 18 drop â are starting to fail.
I mentioned a target of 59â61%, but another chart suggests higher targets up to 65% or even 72%.
This is based on TOTAL3/BTC.
I shared this chart before: it broke the descending wedge, but then came back down â meaning the breakout was likely false, and a pullback could take us back to the lower wedge if dominance doesnât hold above 61% with a weekly close above it.