BTC dominance at a critical crossroad: alseason ready to start

A falling BTC dominance has now reached the rising MA 50 (yellow) on the weekly chart, has touched it and it has slightly bounced, while the falling MA 200 (purple) is rapidly converging. The rising MA 50 is a strong support, and the bottom of a rising channel (in black) adds even more support. If the MA 50 is broken, we'll soon have a death cross and a powerful altseason is likely to unleash. On the upside, if the MA 200 is broken, BTC dominance will start its bullrun again. Either way, a big move for the BTC dominance is to be expected.