Altcoins season? look below may 6, 2021
Bitcoin dominance has no support and the next support is between 35 and 40.
Alt coins dominance is currently 14.51, it is in safe position and there is no resistance in its path (Except for Fibonacci)
When the last Alt coins season happen and started in December 2017, BTC dominance was in a similar area and can say same thing about others.
BTC itself has a resistance which is its broken old bullish trend . Also USDT dominance is bearish for now which is a good point!
My opinion with all this is most likely... We may have an Alt coin season ahead.
Alt coins dominance is currently 14.51, it is in safe position and there is no resistance in its path (Except for Fibonacci)
When the last Alt coins season happen and started in December 2017, BTC dominance was in a similar area and can say same thing about others.
BTC itself has a resistance which is its broken old bullish trend . Also USDT dominance is bearish for now which is a good point!
My opinion with all this is most likely... We may have an Alt coin season ahead.
Comment:
Dominance react the support today, BTC is Down, Alts are more Down, Thats why the BTC dominance is growing now.
