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Analysis: Bitcoin market dominance has reached over 60% and is facing resistance, which could be beneficial for alts.
Analysis: Bitcoin market dominance has reached over 60% and faced resistance, which may be beneficial for the alts.
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PANews, April 12 - According to a report by Newsbtc, digital asset analyst El Crypto revealed data indicating that Bitcoin's current market dominance has exceeded 60% and touched the resistance zone. Based on the historical trend over the past year and a half, this trend has entered the pullback zone, while the Relative Strength Index (RSI) is also in the overbought zone, indicating that the market could be favorable for alts or witness a recovery. Additionally, digital asset analyst Kevin Capital also appears optimistic about alts' future direction. However, he cautions that the case for ETH may be different, as ETH has been performing poorly throughout the entire cycle.
PANews April 12 - According to a report by Newsbtc, digital asset analyst El Crypto revealed data indicating that Bitcoin's current market dominance has exceeded 60% and reached a resistance area. Based on the historical trend over the past year and a half, this trend has entered a pullback zone, while the Relative Strength Index (RSI) is also in the overbought territory, suggesting that the market may be favorable for alts or may see a rebound. Additionally, digital asset analyst Kevin Capital also appears optimistic about the future trend of alts; however, he warns that the situation for ETH may be different, as ETH has shown weak performance throughout the entire cycle.
#BTC & ETH Weekend Analysis
#Choppy Market – Long or Short?
#Trump Pauses Tariff Policies #BTC
#ETH