A potential double top pattern is forming on the Bitcoin Dominance (BTC.D) chart and if confirmed, it could ignite a major altcoin relief rally.
📊 What’s Happening?
Bitcoin Dominance has surged over recent months, but signs of exhaustion are showing:
• Two peaks are forming at similar levels
• Bearish divergence is appearing on key momentum indicators
• Support at the neckline is being tested
If this double top pattern breaks down, it could mark a trend reversal in dominance and open the door for altcoins to shine.
🚨 Why This Matters for Investors:
• When BTC dominance falls, liquidity flows into altcoins
• A confirmed double top = bearish for BTC.D, bullish for ALTS
• Altcoins have lagged during $BTC recent rise they’re primed for rotation
🔍 Smart Money Is Watching:
Institutional and retail traders alike know the game: $BTC leads, but altcoins explode in the second wave. If the dominance drop confirms, this could be the last chance to buy cheap altcoins before the rally begins.
✅ Actionable Insight:
• Track $BTC Dominance closely
• Look for strong altcoins with real narratives and volume
• Don’t wait for the rally to start position before the breakout
🧠 Markets move before the news. Stay ahead on Binance Square.
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