So, we saw the weekly close on BTC Dominance, and let me tell you, it is on the positive side.
In our previous chart, we clearly mentioned the dominance breaking down the 62 support level and it did. The BTC.D has already broken the 62.37 support level and it is currently trending at 61.73 which is a bullish sign for the altcoins.
So, here's the conclusion, if the dominance breaks down below the 61.55 support level then we may possibly see the BTC.D declining towards the 57 support level in few weeks.
But if it holds the support (as you can see the blue circle in the chart) then we may see BTC.D inclining back to the 62 levels. The MACD is still showing a bearish crossover so overall, we are safe with our altcoins.
Stay tuned and pin our channel to the top.
