After reaching a double top on both the price and the RSI on the monthly chart, the Bitcoin Dominance has declined sharply. This resulted in BTCD falling out of a rising wedge or descending channel, whichever way you want to look at it. Following this move, we are breaking the first monthly support at around 63.6. The next 2 monthly supports are at 58 and 51.5%.
Will we reach 51%?
After this, supports are in the lower 40 area.
What strengthens this trend shift is that it's accompanied by many bullish signs for the altcoin marketcap, such as a in the coming months (Also, see my and shared in early January.