The Dominance gained on the BTC.D Ratio Index throughout Sept-Nov. after the summer from 58% to 66% just closed out a futures gap needed to fill around 65% and spiked right back down this week, even below this longterm trend that held the price in the fall like I just mentioned.
With coins like XRP taking off 35-40% in a day and across the board all these altcoins are starting to fly, such as XLM soaring to 0.15 last night. Bitcoin is approaching its all time high and should be hours before it hits, while all these altcoins are slightly to majorly outperforming BTC making Bitcoin lose its dominance.
From here, I can’t really see this dominance holding around 62% and reversing back up to touch 70% this dip down was pretty aggressive and I think it will continue pushing downwards. Take a look at the TOTAL2 crypto market cap, it is gaining a lot and about to take off even more.
Stop teasing me BTC.D , and just let the altcoin season happen already i’ve been waiting almost 3 years now.