#Crypto The Bitcoin Dominance chart helps us understand where market capital is flowing, whether into Bitcoin or toward altcoins. On the weekly timeframe, Bitcoin dominance had been trending higher for a long period, forming consistent higher highs while respecting the rising trendline. However, this structure has now changed, as dominance has clearly broken below the weekly trendline. After the breakdown, dominance spent a considerable amount of time consolidating below that level. Currently, Bitcoin dominance is looking weak in this zone and is struggling to move higher. From the current structure, it appears that dominance may continue to move further to the downside. If this decline continues, it would favor altcoins, increasing the chances of a strong recovery across the altcoin market over the coming weeks. For now, we monitor how dominance behaves around this area and let the market confirm the next move.
Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé.Consultez les CG.
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