Bitcoin dominance has finally shown some signs of weakness, though it’s impossible to say if this is temporary. After reaching nearly 62%, it has dropped below 60% and currently sits at 58.85%. This decline hints at renewed interest and capital flowing into altcoins, which is typically seen at this stage in the cycle. If you recall the chart I shared last week, “alt seasons” began in December of both 2016 and 2020. Fingers crossed for altcoin traders and investors.
scott.melker@texaswestcapital.com
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.
scott.melker@texaswestcapital.com
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.