Market Cap BTC Dominance, %Updated ALT SEASON STARTS? CHECK BTC DOMINANCE CHART - SAME as 2017-2018
If we take a look at previous alt season, we saw the weekly RSI Peak and that was when BTC took a few steps back. Now fundamentals are different but it looks like we are repeating the same pattern, also at the same date.
Note
However if BTC breaks the 70% dominance level I expect the altcoins to bleed and money will go into BTC first, and the alt season will be delayed by a few weeks/months.
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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.