JamesRennie

Five weeks still can't break it

Panjang
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Looking at this chart I see 5 weeks BTC.D won't break below 60 on the weekly. Looking at RSI it indicates a bottom. MACD is showing week after week weakening of this the pressure on the 60% support. Will this correction come with stock market correlation where bitcoin becomes crypto safe heaven and people get out of alts. Or is it the start of a Bitcoin rally like in 2019 where most alts got left behind as Bitcoin rallied. I expect that this Bitcoin dominace rally will end before end of 2020 giving alts another chance to rally.

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