Bitcoin Dominance (14/07)

Current Situation:

Bitcoin dominance is attempting to break the upward channel, approaching a test of support at 64.50% – 64.67%, which is considered a positive signal for alternative cryptocurrencies if the break continues and holds below this area.

If the break occurs and holds below 64.50% – 64.67%:

A continuation of the decline towards 64.00% is expected as an initial target, which would enhance the movements of alternative cryptocurrencies and increase their dominance chances..

On the other hand, if it fails to hold above 65.50%:

The dominance will return to test the previous support at 64.67% – 64.50%, and breaking this area will open the door for further decline in dominance, thus providing additional support for the movement of alternative cryptocurrencies.