Hello friends,,
One of the simplest indicators for Alts is Bitcoin Dominance.
In general:
📈 BTC Dominance and MarketCap Relation📉:
- Increasing BTC dominance & decreasing Marketcap --> Alts heavy dump, BTC down.
- Increasing BTC dominance & increasing Marketcap --> BTC faster growth, Alts 5-10% Changes.
- Decreasing BTC dominance and decreasing Marketcap --> BTC dump & Alts 5-10% change.
- Decreasing BTC dominance and increasing Marketcap --> BTC uptrend and Alts pumps (Alts Party).
So in the current situation, we can not determine what will happen when BTC Dominance hit the range of 50%,
There are slightly Alts drops and some fighting at the same fiat level,
Most Alts are -60% to -80% from their ATH, So Let's hope BTC .D will resist 50% levels...
One of the simplest indicators for Alts is Bitcoin Dominance.
In general:
📈 BTC Dominance and MarketCap Relation📉:
- Increasing BTC dominance & decreasing Marketcap --> Alts heavy dump, BTC down.
- Increasing BTC dominance & increasing Marketcap --> BTC faster growth, Alts 5-10% Changes.
- Decreasing BTC dominance and decreasing Marketcap --> BTC dump & Alts 5-10% change.
- Decreasing BTC dominance and increasing Marketcap --> BTC uptrend and Alts pumps (Alts Party).
So in the current situation, we can not determine what will happen when BTC Dominance hit the range of 50%,
There are slightly Alts drops and some fighting at the same fiat level,
Most Alts are -60% to -80% from their ATH, So Let's hope BTC .D will resist 50% levels...
