BTC domination continues the declines. Opportunity for alts.
Dmination continues to decline and is in a downtrend that does not look like it could suddenly break out of it. Of course, anything is possible but the trend is still downward and we are dealing with something similar to 2017. The situation is as if a real Altcoin rally is to be ahead if the trend continues.
The chart shows key levels. The TP1 level is a strong zone where previously dominance reacted and changed direction. Perhaps it will be so now, so if we start to approach it quickly, it is worth considering reducing the exposure to alts because they may lose much more than BTC itself.
Personally, I think that if there is no blood on the American indices, we will see significant increases in Cryptocurrencies due to rising inflation and the growing popularity of Crypto as an alternative asset / new fair currency to the masses.
The chart shows key levels. The TP1 level is a strong zone where previously dominance reacted and changed direction. Perhaps it will be so now, so if we start to approach it quickly, it is worth considering reducing the exposure to alts because they may lose much more than BTC itself.
Personally, I think that if there is no blood on the American indices, we will see significant increases in Cryptocurrencies due to rising inflation and the growing popularity of Crypto as an alternative asset / new fair currency to the masses.
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