Generally when bitcoin dominance breaks from a long-term uptrend alt season kicks into gear. Granted, nothing is guaranteed, but it has happened in some past cycles.
Thus, when dominance dumped a couple weeks ago it was worth paying attention too. Now, we just got a big two day bounce, but it is struggling to retake the 200 day moving average.
This is interesting indeed. Between this and the prior uptrend break - have we seen the top of bitcoin dominance this cycle?
Is ALT season truly upon us???
I will continue to monitor this chart. I did take the opportunity here to add some more alt exposure. ETH, RUNE and SUI for the time being.
Any alt dips I may look to buy rather than grabbing btc for the remainder of this bull market, even though I always want me some more BTC.
Posted Using InLeo Alpha