BTC Dominance is currently facing strong resistance.
For those who don’t know what BTC dominance is, let me explain briefly: If BTC dominance rises, most other coins tend to drop. If it falls, other coins usually go up, so a drop in dominance is generally a good thing.
Right now, BTC dominance is hitting heavy resistance on the weekly chart. A rejection here would be good news for altcoins. However, if it breaks out, other coins might suffer for a while. But if it does break out, don’t panic—it could just be the storm before the bull market.
Historically, BTC dominance has broken this resistance to the upside most of the time.
