Bitcoin (BTC) Dominance Faces Resistance While Altcoins All Set To Take Off

2018-8-13 18:00

Bitcoin (BTC) has run into a historical dominance resistance. The chart above shows that Bitcoin (BTC)’s dominance is in a constant downtrend since January 2017, the month when altcoins first began to challenge Bitcoin (BTC)’s dominance.

Bitcoin (BTC) has shown strength the past few days but recent events, particularly ETF rejections and delays have made it abundantly clear that this time will be no different and that Bitcoin (BTC) will do what it has done over the years, that is follow a cycle of decline against altcoins followed by a cycle of rise against altcoins.

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btc bitcoin dominance altcoins resistance cycle against

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