Forecast based on current data
- Scenario One: If dominance continues to decline and breaks the 63.41% level (current support), alternative currencies may experience a rapid rise.
- Scenario Two: If dominance bounces from the 63.73% level and rises above 64%, Bitcoin will remain dominant, and market monitoring is preferred.
Summary
- Current dominance (63.79%): Still indicates Bitcoin dominance, but the slight decline (-0.79%) gives a glimmer of hope for Altcoin enthusiasts.
- The key is to monitor the break of support levels (63.41% - 62.50%) and the increase in trading volume in alternative currencies.
- Recommendation: Use a DCA strategy (buying in phases) in alternative currencies with strong fundamentals if dominance breaks 63%.
