Analysis😎

Does Bitcoin's dominance bode well for alternative currencies?😌

Predictions based on current data😎

- Scenario 1: If dominance continues to decline and breaks the support level of 63.41%, alternative currencies may see a rapid rise.

- Scenario 2: If dominance rebounds from the level of 63.73% and rises above 64%, Bitcoin will remain dominant, and it's advisable to monitor the market.

Conclusion

- Current dominance (63.79%): still indicates Bitcoin's 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 for alternative currencies.