Bitcoin Dominance: 2-Year Uptrend Breaking Could Spark Altcoin Boom

News BTC | Apr 8, 2020 at 5:30 PM
  • Bitcoin dominance has not only broken down from a two-year-long uptrend, but it has also retested the trend line as resistance and failed to reclaim the key level.
  • With trend line support now confirmed as resistance, its likely that Bitcoin dominance could see an extended downtrend in the days, weeks, and months ahead.
  • The last major breakdown resulted in BTC dominance falling from 95% to just 35%.