Currently bitcoin dominance is heading towards the support area of 52%, It might stay sideways due to weekend (low volume) for some time before big move.
1st scenario :- If it breaks the 52% support level we might see a bull rally in altcoins.
2nd scenario :- If it bounce back from 52% support level altcoins will dump.
IMPORTANT :- Due to ETF which has been approved there are high chance that people might
shift from altcoins to bitcoin.
So make sure to use trailing stop loss to avoid such scenario & keep booking profits.
Either way I'll keep you updated, make sure to follow me for quick updates. :)
1st scenario :- If it breaks the 52% support level we might see a bull rally in altcoins.
2nd scenario :- If it bounce back from 52% support level altcoins will dump.
IMPORTANT :- Due to ETF which has been approved there are high chance that people might
shift from altcoins to bitcoin.
So make sure to use trailing stop loss to avoid such scenario & keep booking profits.
Either way I'll keep you updated, make sure to follow me for quick updates. :)