According to PANews, cryptocurrency analyst El Crypto has revealed data indicating that Bitcoin's market dominance has surpassed 60% and reached a resistance zone. Based on historical trends over the past year and a half, this suggests the trend may be entering a correction phase. Additionally, the Relative Strength Index (RSI) is in the overbought region, which could favor altcoins and potentially lead to a rebound.
Cryptocurrency analyst Kevin Capital also appears optimistic about the future performance of altcoins. However, he cautions that Ethereum (ETH) might not follow the same trend, as it has underperformed throughout the cycle.
