FREE BTC.D ANALYSIS UPDATE
BTC.D downtrend might result in the ALT rally
- Yello, ladies and gentlemen !
As per our previous BTC.D analysis, we patiently waited for either a break above or below the ascending channel. BTC.D bounced off the projected resistance at 40%, breaking below the ascending channel.
Such price action certainly increases the probability of further downtrend, which in the end, can drop the Bitcoin Dominance as low as 34%.
Considering that this can be only the beginning of a long-term BTC.D downtrend continuation, the altcoin growth potential is wide open. Therefore, we might be witnessing a massive demand for multiple altcoins, implying some coins' x2, x5, and even x10 growth potential.
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