​​This is the overview of current bitcoin dominance in higher | Hacked.

​​This is the overview of current bitcoin dominance in higher degree of time frame. From this current perspective, we can see that potentially, the dominance is set to drop as well. the dominance has already broken below the white support trend line and has retested the white support trend line as the turning point in to resistance as well. Another factor is that the dominance is now trending below all the EMA in 3 days time frame which forms a bearish structure.

However, the drop of dominance is not simply always a bad thing. This means the market is maintaining its equilibrium between the demand on the bitcoin's market and the altcoins market. The lower the dominance is, the more stable the market will be. This price action of the bitcoin dominance is one of many things that makes me believe that the altcoins season isn't over yet. The drop of dominance will bring the money outflow from bitcoin but money inflow for altcoins market.

The time of altcoins season is yet to come. We haven't seen the most fantastic movement from altcoins yet. Later, we'll see it again so choose your altcoins wisely!