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Welcome to this BTC DOMINANCE update.
Bitcoin dominance is trading inside a descending channel. SO here I expect two scenarios for BTC.D-
Scenario1:- BTC.D starts dropping from here and is likely to break below the channel. In that case, Altcoins start bouncing from here.
Scenario2:- We might hit again the upper trendline of the channel and from there we saw the rejection. After hitting the upper trendline it is highly likely that it starts dropping. In that case, we see some more corrections in Alts so that would give us the best entries.
So in both scenarios, we might see soon a great Altseason.
What do you think about this? Share your views in the comment section.
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