Using a Heiken Ashi chart type we can see a typical topping out pattern for BTC dominance. This suggests a decline in dominance ready to begin, although playing devil's advocate perhaps it's just a consolidation pattern against the downtrend waiting to be broken to the upside.
SparksterSignals team is betting on the altcoin market continuing to perform admirably over the course of the summer and beyond so we do expect money to flood into the altcoins as innovative projects gain partnerships outside of the crypto industry and utility builds towards the digital economy.
That is to say, we think bitcoin dominance will head down over the next few months.
Check out the short-term moving averages (light yellow and blue) which has just crossed over to the downside.
We also see the monthly Heiken Ashi candle as of today, 1st July, is painting red.
I'm interested to see what happens with the top 10. The only one I'm hodling is Bitcoin. I'm excited to see what will happen with XMR, DASH & ZEC. Thanks for sharing your analysis! 🙏🏼♾️🐬