ALTCOIN COMING UP SOON
We have two indicators here, with the blue one representing BTC Dominanc and the yellow one representing BTC. There is a relationship between BTC Dominance and BTC. As BTC rises, BTC Dominance rises as well, and vice versa. This chart shows that there is a divergence between BTC and BTC Dominance. Specifically, when Bitcoin falls and BTC Dominance rises, it indicates that investors are moving out of altcoins and into BTC as a safe haven. This could lead to a long-term trend Divergence could ultimately result in a decline in BTC Dominance in the near future. Another indicator is the Correlation Coefficient. When this value reaches +1, it indicates a strong relationship between BTC and BTC Dominance. If the indicator drops below this level, it suggests divergence, which strongly indicates that BTC Dominance might fall in the near term.
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