Bitcoin dominance is currently displaying an intriguing pattern that could have significant implications for the altcoin market. It's following an ascending channel and has entered a consolidation phase around the 50.0% level. What's particularly noteworthy is the formation of a pattern that resembles a head and shoulders.
Here's what this means:
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Monitoring Bitcoin dominance (BTC-DOM) is a valuable tool for crypto traders. It provides insights into the relationship between Bitcoin (BTC-USD) and altcoins (ALT-USD), helping you make bette decisions about your altcoins and tokens.
Spotting Altcoin Seasons:
Altcoin seasons are periods of heightened interest in different cryptocurrencies and tokens, often...
