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$BTC.D Update.
In August last year $BTC dominance broke below the 21 and 50 moving averages.
Since then a lot has happened.
Altcoins were almost wiped out, yet $BTC.D still remains below these two key moving averages.
Last week $BTC.D retested the 21 and 50 MAs again and was rejected once more.
If $BTC.D closes this week below both the 21 and 50 moving averages, there is a high probability that in the coming months it will move down to test the 200 moving average.
That would finally give altcoins some room to breathe.
Altcoins, led by $ETH, are extremely oversold.
The market is already due for at least a technical bounce.
My portfolio: $TEL $TIA $APT $AVAX $ETHFI $LDO $OP $ETH $ONDO $ENA $MANTA $ALGO $ZK $XNO
#BTC #Bitcoin #ETH #Ethereum #Crypto #Altcoins #BullRun #Trading #AltSeason #DeFi #Blockchain