🚨Important Bitcoin Dominance Update:
👉 Bitcoin Dominance has not broken our second major support area around ~60%.
👉 If altcoins continue their positive momentum, then Bitcoin dominance should get rejected from the previous support area around ~62%.
👉 If this bull rally continues, then Bitcoin dominance should follow the path shown in the chart. Otherwise, we may see another dump in the market.
👉 Bitcoin dominance must not close the daily candle body above 62%. As long as it stays below this level, there's nothing to worry about — consider it a healthy correction in altcoins for the next leg up.
$BTCDOM
👉 Bitcoin Dominance has not broken our second major support area around ~60%.
👉 If altcoins continue their positive momentum, then Bitcoin dominance should get rejected from the previous support area around ~62%.
👉 If this bull rally continues, then Bitcoin dominance should follow the path shown in the chart. Otherwise, we may see another dump in the market.
👉 Bitcoin dominance must not close the daily candle body above 62%. As long as it stays below this level, there's nothing to worry about — consider it a healthy correction in altcoins for the next leg up.
$BTCDOM
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