BTC Dominance streak ending soon? Is Alt season coming?
Hi guys its Brian here. We may potentially see BTC dominating streak come to an end soon which can be a good thing for alt coins.
As you can see from the BTC dominance chart, it has been on a steady rise leading to alt coins bleeding as BTC gain dominance over them. However it is now reaching the resistance level and if it doesn't break through, then BTC dominance could go back down and let the money flow into the alt coins instead.
Looking at the way alt coin market is currently, I would say it is about time so I would keep a look out for the incoming alt season as it can be a big one seeing how low most alts have gone down.
www.brianchai.com/
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As you can see from the BTC dominance chart, it has been on a steady rise leading to alt coins bleeding as BTC gain dominance over them. However it is now reaching the resistance level and if it doesn't break through, then BTC dominance could go back down and let the money flow into the alt coins instead.
Looking at the way alt coin market is currently, I would say it is about time so I would keep a look out for the incoming alt season as it can be a big one seeing how low most alts have gone down.
www.brianchai.com/
Free Trading Group (signals, news, price alerts & more!)