🧭 Bitcoin Dominance has reached %66. 🎳
✍️ These levels, long awaited, have finally been reached. Technically, the %68 range is a very strong resistance area. If dominance weakens at these levels; the long-awaited upward movement for $ETH and altcoins may begin.
🔍 An increase in dominance usually indicates a decrease in risk appetite in the market and that capital is fleeing to Bitcoin. However, this increase is not sustainable; historically, these rates drop at some point, which could herald the altcoin season.
📉 RSI data is approaching overbought levels, while momentum is starting to weaken. For the first time on the daily chart, negative divergence signals have begun to appear.
⏳ Dominance will eventually fall...
So, are you ready for the altcoin bull?
‼️ This is not investment advice.
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