The dominance of Bitcoin has been increasing in recent weeks and is now approaching a major resistance. Indeed, this level corresponds to the high point reached at the end of 2017.
Does this mean that the Alts season will start? Not necessarily!
Indeed, in addition to this horizontal level, we can see that the dominance of Bitcoin also evolves in a ascending channel configuration. It is therefore not impossible that the upper boundary of this channel may be reached.
Anyway, we are in front of an extremely important area and we will have to observe this very, very closely in the coming weeks!
Stay tune and join us on t.me/RocketProFFA for more information and trade !