Bitcoin has reached 70% market dominance which hasn't been seen since May - July of 2017. In 2017 we saw dominance fall below 70% fast and retest this range but it was unable to break the resistance. We saw Alt Season just 6 months after this rejection. Dominance has been rising fast since April of 2019 and has formed a rising wedge. I expect this wedge to break and for dominance to fall 10% to the 60% range. If this support breaks down, Expect dominance to fall another 10% to 50%. Either way we should see Alt Coins breathe and maybe run wild for the next 6 months or so.
*This is not financial advice. I am not responsible for any losses of money*
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Dominance is falling. Still looking good here as BTC chart starting to look bearish.
@wildbeast, the cryptocurrency market is very volatile so anything can happen. With that said, the indicators and past history indicate what I did above is possible