We are in a very important zone in terms of BTC dominance. A retest with an extension of the downtrend would be a new boost for Altcoins. However, an upward break of this zone would be a bad sign for Altcoins in the short term.
While the news are fundamentally good and BTC is poised for higher highs, especially with Trump taking power, there is a fear about chartist analysis until then. Indeed, we can see an inverted head-and-shoulders pattern ending on a daily basis, which could cause BTC to correct to around 78k in the short term. However, if this scenario does not materialize, we...
