After reaching about 62% level, BTC dominance started a heavy drop in Nov possibly hinting that the altseason has started.
The index has recently broken its long term trendline that originated in Sep 2022.
The current upward move in BTC dominance is probably the retest move of the broken trendline. This retest will probably end somewhere in the 58% zone and then we can expect the dominance to fall towards 46.3% - 48.9% zone within the next few months.
The index has recently broken its long term trendline that originated in Sep 2022.
The current upward move in BTC dominance is probably the retest move of the broken trendline. This retest will probably end somewhere in the 58% zone and then we can expect the dominance to fall towards 46.3% - 48.9% zone within the next few months.
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