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Bitcoin Dominance Chart Remains Very High Despite Crash, What This Means For Altcoins

  • Bitcoin Dominance (BTC.D) remains significantly high, indicating Bitcoin's strong position in the market even after the recent crash.
  • BTC.D has been steadily increasing for almost three years, surpassing key resistance levels at 48%, 52%, and now above 60%.
  • Bitcoin's dominance nearing critical resistance at 71.3% could spark a significant battle between Bitcoin and altcoins for market share.
  • Analysts suggest that a drop in Bitcoin Dominance could signal a potential altcoin season, as Bitcoin continues to attract institutional inflows and altcoins struggle to gain momentum.

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