#Bitcoin Dominance Update
BTC dominance have just hit the multi-
yearresistance.
In 2017 and 2021, BTC dominance got
rejected from that trendline, which
ignited the mega altseason.
There could be a fakeout like 2021,
when BTC dominance broke this line,
but eventually it closed the monthly
candle below that.
Once BTC dominance gets rejected
from this, alts will start to outperform
BTC, and the altseason will start.
Reminder 👇
This is a monthly candle, so it could
take 4-6 weeks or more to play out the
above scenario.
