Why are altcoins moving so slowly while $BTC is Pumping ❓
The answer lies in two key market indicators that are telling a very different story:
* Bitcoin Dominance is Pumping: This is the percentage of the total crypto market that Bitcoin holds. When it's rising, it means investors are moving capital into Bitcoin, which is often seen as a safer bet. This is bearish for altcoins because it means they are losing market share.
* Bitcoin's Price is Pumping: At the same time, BTC's price is increasing, which is, of course, a bullish sign.
The combination of these two factors creates a neutral or slow environment for altcoins. The money flowing in from the Bitcoin price pump is being offset by the capital being pulled out to increase Bitcoin's dominance.
As you can see on the chart, BTC Dominance is currently approaching a key resistance trendline. 👀 If it manages to break above this level, we could see a sharp pump toward the 59% to 60% range. This would be a strong signal for further short-term weakness in altcoins.
Meanwhile, Bitcoin's price is also facing its own resistance zone, hovering around $113,000 to $114,800.
Keep a close eye on these levels—they will be crucial for the market's direction! 📈📉
