Bitcoin market value falls back! The signal of altcoin recovery is coming! Are you ready?

Shocking analysis! The current market value share of Bitcoin has reached 64%, not far from the historical high of 71%. But this time, I think it will be difficult for Bitcoin to break through this high point again. In the past few months, as the share of Bitcoin fell slightly, altcoins began to rise. Therefore, when the share of Bitcoin begins to fall, the rise of altcoins will be inevitable.

Key observation: Changes in the exchange rate between Ethereum and Bitcoin

Recently, the exchange rate of mainstream currencies against Bitcoin has generally declined, which is one of the reasons why altcoins have been slow to perform. However, recently some mainstream currencies have broken through the 20-day moving average. If this trend is maintained, funds will begin to flow to other mainstream currencies, and altcoins are expected to keep up.

Current opportunities:

The decline in the share of Bitcoin market value is a signal of the rise of altcoins.

Optimistic about the five major mainstream currencies breaking through the 20-day moving average, three of which have successfully broken through. If the remaining Ethereum and Ripple also break through, altcoins will have a chance to breathe!