Hello Traders!
Since last May, bitcoin dominance has been moving within a wide range of sideways movement between 39.30-48.00%.
In the May-June sell-off wave, the dominance value tested the 48.00% level, followed by an impulse correction. Most of the altcoins showed growth from their local minimums within 40-50%.
If the selling pressure on the market continues, we can expect another wave of growth on the dominance chart to the 50-52% zone, which will allow buying altcoins with a significant discount.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Since last May, bitcoin dominance has been moving within a wide range of sideways movement between 39.30-48.00%.
In the May-June sell-off wave, the dominance value tested the 48.00% level, followed by an impulse correction. Most of the altcoins showed growth from their local minimums within 40-50%.
If the selling pressure on the market continues, we can expect another wave of growth on the dominance chart to the 50-52% zone, which will allow buying altcoins with a significant discount.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice