What is happening with Bitcoin's dominance? ❓$BTC #
BTC dominance measures how much weight it has in the market compared to altcoins. If it rises, investors prefer Bitcoin (safer). If it falls, money starts to flow into altcoins (more risky, more potential for profit).
🔄 Historically, when dominance falls, it usually kicks off an altcoin season, that is, a period where altcoins rise sharply.
Right now, BTC dominance has broken a downward trend line, and the weekly MACD (trend change indicator) is about to signal a decline. The last time something like this happened, dominance fell by +11% in two weeks... 🤔
⚠️ If the pattern repeats, we could be close to a good time for altcoins.
