BTC.D | 6hWe're approaching the monthly close, and many are eyeing a potential breakdown in Bitcoin dominance — a key trigger for altcoin season.
On the mid-term chart, BTC dominance held support at 60.43% and recently retested the 60.65% base.
A sustained drop below 61.20% would favor altcoins. But if dominance accepts above 62%, it opens the door to a move toward 63.3%–63.8% level, likely putting pressure on alts.
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Content in partnership with:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.