Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021

Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021

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The DeFi boom and an explosion of ROI across altcoins helped bring bullish sentiment back to crypto, and it helped push Bitcoin above $10,000 and hold the key level for the longest stretch ever.

But while altcoins had regained some lost ground against the most dominant cryptocurrency, BTC dominance has potentially reversed, and if closes the weekly above a key level, altcoins could be decimated throughout the end of the year and into early 2021.

BTC Dominance Closing Above Mid-Bollinger Band Could Crush Altcoins Into