crypto_cisco

Bitcoin Dominance (BTC.D) is playing with our feelings

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
BTC.D peaked around 73 on September 5th, 2019. After that, we saw a consistent decline to 67.5. Some money flowed into the alts during this time frame with BAT and LINK (both amazing projects, check them out if you haven't) being couple of the top gainers. However, on November 27th, 2019 we broke above the 50 SMA AND on December 6th, 2019 BTC.D broke above the downward trend line and it's barely holding above it. It's hard to say what will happen at this point because I feel that the second rally of the cycle will happen relatively soon, and when that happens money will flow into BTC delaying even more an altseason. The closer we get to 66.5, the more optimistic I will be on putting money on alts. Don't hope the market does what you wish for - PAY ATTENTION to what the market is doing AND FOLLOW!
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