The Trust Layer for Market Analysts

This analysis focuses on the Bitcoin dominance chart, highlighting how capital shifts between Bitcoin and altcoins influence the cryptocurrency market. It pinpoints key levels on the Bitcoin dominance chart, explaining their potential impact on altcoin performance. The discussion includes the weekly timeframe dominance chart. It suggests that Bitcoin dominance is poised for a significant drop, potentially benefiting altcoins. The analyst believes that to confirm a downtrend a lower high needs to be confirmed and dominance to be tested at 54.76 to the downside, with key areas down to at least 41.91. A target of the range where the support has been sitting between 41.91 to 36.5% is estimated within the next 1 to 2 years. Failure of trend is estimated above recent highs of the weekly timeframe, 66.95.