Bitcoin Dominance broken - Alts blooming
Just an update on a previous idea.
Bitcoin dominance clearly broke down and found support at the 50 day (red line).
Orange line moving up is Altcoin market cap.
I suspect Bitcoin's price is being kept stable around 8300-8700 in order to facilitate the growth of alts with many alts up over 100% from their May 14th lows.
Bitcoin dominance clearly broke down and found support at the 50 day (red line).
Orange line moving up is Altcoin market cap.
I suspect Bitcoin's price is being kept stable around 8300-8700 in order to facilitate the growth of alts with many alts up over 100% from their May 14th lows.
