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Bitcoin Dominance Continues to Rise

Written By: ChartChamp

November 20, 2024

Bitcoin is showing a lot of dominance over the rest of the crypto industry by leading the post-halving rally. BTC dominance has broken out of the yellow resistance level, and is approaching a light blue resistance zone between 61.60% and 63.23%. I believe BTC could form a peak in this light blue zone sometime in early December. Usually Bitcoin and Altcoins both selloff, and money rotates from BTC into Altcoins. In 2025 the Altcoin market is expected to significantly outperform Bitcoin so my focus will be on ALTS. I think The Altcoin market bottoms out sometime in December, and we’ve seen a trend where the crypto market has sold off at the start of every month. If this pattern continues there should be a window to buy ALTS after the initial selloff at the start of the month. This is likely to be the last chance to buy Altcoins at a low price before the bull run.

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