Get started
PouryaBagheri

Bitcoin dominance and the growth of altcoins

Market Cap BTC Dominance, % (CRYPTOCAP:BTC.D)  
PouryaBagheri  
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Trend Analysis Chart Patterns Technical Indicators BT BTCUSD BTCUSDT dominance dominancebtc
6
0
trendanalysis chartpattern indicator bt btcusd btcusdt dominance dominancebtc
As you can see in the figure.
The fall of bitcoin was a bad thing for those who opened long positions and lost their capital.

But here is the important point.
Bitcoin dominance is coming down This means that money is coming out of Bitcoin.
In most cases, this causes the altcoins to grow and rise sharply.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.