BTC DOMINANCE LOOKS FOR A IMMINENT DROP !?! ALTCOIN SEASON AHEAD
Bitcoin has a very nice 2023 till now on. The Russian/Ukrain pressure but also the banking sector that is running on it's broken engine gives Bitcoin energy and room to grow in price and confidence. We could call Bitcoin a digital safe haven.
For the crytpo-investors we could see a turningpoint in the cryptospace. The Bitcoin Dominance made several tops at the level where it's heading now and on the day/week charts we could see a top forming which means that the Dominance could drop to the bottom of the rectangle I drawed. That implicates that the Altcoins gets more markt-capital compared to Bitcoin.
Several Altcoins will spike on this movement in Dominance when Bitcoin will trade sideways or slowly downwards.
For the crytpo-investors we could see a turningpoint in the cryptospace. The Bitcoin Dominance made several tops at the level where it's heading now and on the day/week charts we could see a top forming which means that the Dominance could drop to the bottom of the rectangle I drawed. That implicates that the Altcoins gets more markt-capital compared to Bitcoin.
Several Altcoins will spike on this movement in Dominance when Bitcoin will trade sideways or slowly downwards.