Bitcoin Dominance Update:
Bitcoin dominance has been steadily declining over the past few days and has now reached a key support level.
🔸 This explains why Altcoins remained resilient even as Bitcoin dropped to $92K last night.
🔸 What’s Next?
If Bitcoin dominance bounces from this support level, we might see Altcoins weaken as capital flows back into Bitcoin.
However, if dominance breaks the support and drops further, Altcoins could gain strong momentum, offering exciting opportunities for traders.
👀 Key Takeaway: Watch Bitcoin dominance closely—it’s a critical indicator for predicting market behavior between Bitcoin and Altcoins.
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