Bitcoin dominance is slowing down, but in the bullish Crypto market, this can be just positive for ALTcoins from Elliott wave perspective.
We have been talking a lot about dominance in the Crypto market in the last couple of months. We also shared a free chart of Bitcoin.dominance back on March 12, where we mentioned and highlighted final 5th wave of an impulse. CLICK HERE
![Bitcoin Dominance Is Slowing Down In The Bullish Crypto Market; ALTcoins Are Ready BTC.D Daily Chart From March 12](https://cdn1.wavetraders.com/wp-content/uploads/2024/05/intraday-btcDd-mar-12-2024.png)
As you can see today, Bitcoin dominance is now on the verge of a break below channel support line after a completed projected wave 5 of a five-wave bullish cycle. Well, Bitcoin dominance can slow down all the way back to 50% – 45% support area, but in the current bullish Crypto market as shared two days ago, this could be just positive for the ALTcoins. We shared a blog about ALTseason back on April 16. CLICK HERE
![Bitcoin Dominance Is Slowing Down In The Bullish Crypto Market; ALTcoins Are Ready BTC.D Daily Chart From May 23](https://cdn1.wavetraders.com/wp-content/uploads/2024/05/intraday-BTCd-may-23-2024.png)
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