BTC dominance has now reached the descending MA 200. This could act as a strong resistance as according to TA it is likely to bounce - which would cause an altseason. Or we may break through the MA 200 and then we'd likely have an altcoin capitulation.
Time will tell.
We can see up trend
Last two month we moving in up trend channel, we already touched resistance line of this channel and now forming symmetrical triangle. Altcoins start moving and BTC dominance can go to first support line. After that we will observe whether we break the support line or not. But we must always remember the blue magnetic support line. Even if we...