brian7683

BTC Dominance - RSI is under the trendline - ALT SEASON?

Short
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Let me dream a little!

You can see the BTC.D chart has broken down on the RSI and is under the trendline.
This trendline acts as a resistance if price goes back to it.

Could the Bitcoin dominance have topped at 52%?

I would LOVE to think so!

Ben Cowen is expecting dominance to reach 60% before ALTS start outperforming BTC.
Maybe... Time will tell!
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.