BTC Dominance - BTC season is back? Some signs of recovery.

BTC Dominance shows signs of returning back into a bullish trend. We seem to have found some support at around 66% and we've formed a descending triangle that may break-up.

The indicators also show some bullish momentum, therefore the bias is long and remains so until we break our support line.

This is quite interesting as it would indicate that we break the BTC pennant up (see idea linked below for BTC/USD chart).

We should find out soon enough. It does make sense that the bull run in alts would face some profit taking which would naturally flow into BTC, hence changing the momentum in the dominance chart.

Let me know what do you think?

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