👉BTC’s dominance has been high for over two years and is currently testing the high range as resistance. If BTC’s dominance drops below 40%, it could spark an altcoin season.
👉The key levels to watch for BTC dominance are the 45%/40% support and 48%/55%/59% resistance. If BTC dominance gets rejected from 48%, we could see another altcoin season. If it breaks upwards from 48%, we can expect another bloodbath in altcoins.
👉If BTC dominance drops below 40%, we can expect a major shift in the cryptocurrency market, with many altcoins seeing significant gains relative to BTC.
👉However, it is important to remember that investing in altcoins is risky. Always conduct thorough research before making any decisions and keep a close eye on BTC’s dominance level to be prepared for any potential market changes.
