BTC dominance hits MA 200. Altseason at stake here.

BTC dominance has now reached the descending MA 200. This could act as a strong resistance as according to TA it is likely to bounce - which would cause an altseason. Or we may break through the MA 200 and then we'd likely have an altcoin capitulation.
Time will tell.

Comentário:

In case of a rejection at the MA 200 we coul have a micro-altseason descending until MA 9, blue line, or a mini-altseason descending until MA 50, yellow line. Less likely a main altseason with trend reversal.
Of course, this is just TA, and as regards BTC dominance there are also so many other factors in place, so that real predictions are impossible.

Comentário:

Volume is also decreasing, which is another sign that BTC is possibly running out of steam against alts.