đšBitcoin Dominance All Time High
âĄïžToday, Bitcoin dominance made a new all-time high after the 2021 bull run, which is why alts are looking so weak against Bitcoin. Today, Bitcoin dominance hit 61%, and if it breaks this resistance, the next target is 63-64%. Bitcoin dominance seems like it will touch the 63% resistance area, and if this happens in the coming days, we will see more weakness in altcoins, so keep an eye on Bitcoin dominance. You can clearly see in the chart that recently Bitcoin dominance touched 58.5%, and we already saw great moves in altcoins. I think Bitcoin dominance is gaining some more momentum, and after that, it will decrease. Keep in mind one thing: we won't see a bull run in altcoins until the dominance decreases.đ