#ChristmasMarketAnalysis

Is it the end of the altcoin season? Bitcoin's dominance is rising again after falling below $100,000, while altcoins are losing key support levels. The dominance has increased and resumed its upward trend, indicating a stronger position for Bitcoin.

If Bitcoin stabilizes above $100,000, there is a possibility that altcoins, which are currently in accumulation zones, will rise. Until then, Bitcoin seems to be taking the lead while altcoins lag behind.

In this post, they explain that Bitcoin's (BTC) dominance increases after the cryptocurrency fell below $100,000. Altcoins are losing important support levels in the process, while Bitcoin's dominance resumes its upward trend.

If Bitcoin stabilizes above $100,000, this could mean a rebound for altcoins that are now in accumulation zones. Until then, Bitcoin appears to dominate the market, while altcoins lag behind.

Bitcoin's dominance is around 58%

According to data from CoinMarketCap, Bitcoin's dominance is around 58%. The chart shows that Bitcoin's dominance previously fell, leading to an altcoin season. Now, however, Bitcoin's dominance is increasing again.

However, Bitcoin's price is not doing well at the moment either. Bitcoin has lost up to 12% of its value last week, and some analysts warn of a sharp decline, possibly down to $70,000. This would mean that Bitcoin could fall more than 35%.

On the other hand, there also seem to be many analysts who are confident in a quick resumption of the bullish market. Only the future will tell us what will happen with Bitcoin and altcoins.

Source https://www.crypto-insiders.es/noticias/altcoins/es-el-final-de-la-altseason-la-temporada-de-altcoins/