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FirstFormSixFold
Feb 14, 2021 4:22 AM

BTC Dominance Analysis - 57% Key Level 

Market Cap BTC Dominance, %CRYPTOCAP

Description

Some light analysis on BTC Dominance chart. 57% is a key level as it is an established support line. If BTC Dominance breaks below this support line, we should expect to see a rise in altcoin prices as the profits from selling BTC are used to buy altcoins. If BTC Dominance bounces off the support line, we should expect a continued rise in BTC prices and possible pullbacks from altcoin prices.
Comments
El_Morenito
How can one assess the odds of what may happen?
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