Crypto Market Update: ๐๐๐
- Bitcoin Dominance ๐จ
In past bull cycles, sharp up-trends in Bitcoin dominance have led to great alt seasons.
In the present scenario:
1. Dom. maintaining uptrend:
- If this trend continues, we might see more correction in altcoins and a boring market.
2. Dominance dropping:
- Instant recovery in altcoins, but the bull run will be delayed if dominance drops too much.
3. Sharp pump in dominance:
- This will stop alt growth for a short time but will lead to a perfect bull run.
Based on past trends, a sharp uptrend in dominance is still pending. $BTC