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Bitcoin Dominance at a “Make-or-Break” Level for Altcoin Market


Bitcoin Dominance at a “Make-or-Break” Level for Altcoin Market

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  • Bitcoin dominance may break trendline, triggering sharp altcoin price drops.
  • Altcoin season usually begins after Bitcoin slows or moves sideways.
  • Ethereum, Solana, XRP, and Chainlink are testing key resistance levels.

The crypto market is entering a critical transition phase. After weeks of consistent gains, especially for altcoins, momentum is beginning to slow and that often means a shakeout or fakeout is near.

Historically, Bitcoin pumps first. When it slows or it starts moving sideways, altcoins tend to catch up with strong gains. However, things are changing and Ethereum is showing signs of losing steam.

One analyst has observed a critical trendline on the Bitcoin dominance chart that’s dangerously close to breaking. If that happens, it could mean Bitcoin starts gaining strength fast while altcoins face a sharp pullback.

Related: For the First Time in Two Years, More Money Is Trading Ethereum Than Bitcoin

Even if Bitcoin only climbs above $118,000, the pressure c…

The post Bitcoin Dominance at a “Make-or-Break” Level for Altcoin Market appeared first on Coin Edition.

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Coins

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In This News

Coins

$ 70.62K

-3.80%

$ 1.99K

-0.21%

$ 1.27

-3.47%

$ 0.00846

-1.76%

$ 8.93

-1.89%

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