The Recent Pump in the Bitcoin Price by 40% in a single day creating a record price action in like 8 years. The Bitcoin Dominance that was constantly dropping (from the lower 70%) did climb back 2-3% to reach 68% again.
This left many people who thought that altcoin season was ahead to be in doubt whether to hold their Altcoin positions or to sell them.
Now as Bitcoin has found support around the $9300-$9400 range and it is moving sideways.
THE Altcoins have started to regain dominance over Bitcoin. But this has not totally confirmed a Altseason we need to watch how Altcoins react to the next bitcoin pump to see if they lose or gain dominance.
But This pretty much looks like it is setting Lower Highs and Lower Lows which is a indication for trend reversal in the bearish side,
But we need to go below 67% to confirm another Lower Low.
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