Bitcoin is on a strong rally right now, perhaps due to the excitement of the halving event next week. We are watching the long-term trendline of bitcoin dominance stretching back to the Ethereum ICO mania of 2017. A break above that resistance would suggest bitcoin taking a stronger position than the rest of the crypto market. Perhaps bitcoin maximalists will cause a spike but prices could return back to that trendline. A drop back below could lead to a rapid decline in bitcoin dominance. One thing is for sure, alt coin adoption is going from strength to strength. What's your current best guess? Will bitcoin's rally relative to the alt coins get stopped by the resistance trendline above? Will bitcoin traders capitulate and pour profits and point algos towards the alts? Second half of 2020 is gearing up to be epic. Follow SparksterSignals and visit our platform for historical backtesting. We'll update as signals appear.
