Bitcoin dominance is testing the 61% breakout level.
BeInCrypto also reports that the weekly Supertrend indicator has turned bullish. The report sees this combination as a negative signal for altcoins.
· Rising dominance means capital is relatively more concentrated in BTC rather than spreading to altcoins.
· 61% is currently only a breakout level being tested; the report does not say whether a breakout has been confirmed.
Which do you check more often: BTC dominance or the Altcoin Season Index?
BeInCrypto also reports that the weekly Supertrend indicator has turned bullish. The report sees this combination as a negative signal for altcoins.
· Rising dominance means capital is relatively more concentrated in BTC rather than spreading to altcoins.
· 61% is currently only a breakout level being tested; the report does not say whether a breakout has been confirmed.
Which do you check more often: BTC dominance or the Altcoin Season Index?
