Let’s have a look at BTC dominance chart
BTC.D Effective Update:
To be honest, there hasn't been much change in the BTC.D chart.
It's still confirming the retest phase after the breakdown, but by zooming out and reading the candlesticks, I can say that a slow dump has started.
If we look at the second scenario, we have the belly belt straight above the rising wedge, so sooner or later, a dump is confirmed. ✅
However, in my opinion, most of the alts have also bottomed out, so a confirmed breakdown is expected soon.
BTC dominance going down will result in alt season and a great altcoin rally which could be a great opportunity for everyone to make some solid profit in crypto market.🔥
