Bitcoin Dominance: Breakout it seems
CRYPTOCAP:BTC.D Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
Bitcoin Dominance keeps going up, to a point where we have to recognize that this gigantic triangle might have bursted to the upside, which does not bode well for Altcoins. Usually when the market is , Altcoins outperform Bitcoin when the market goes up and underperform when the market goes down. Here we have a strange situation: no matter if the market goes up or down, Bitcoin keeps doing better. Now it's been more than 8 days of green candles, when we start printing the red candles, it means the Dominance will keep rising because Bitcoin is more defensive.