BTC Dominance - Massive Breakout! 60% Next!

Bitcoin just out-performed the whole market.

In the process it escaped from the 50% resistance and now is well on its way to 60%.

This means one thing:

HOLDING BTC right now is the best trade, nothing else.

So long the BTC dominance goes up, you want to hold only one coin - THE KING OF CRYPTO.

This is great news as money is flowing into BTC, including new money.

Eventually some of that will spill-over into alts, but I don't expect that to be significant with the BTC halving due in April 2024.

I expect alts to perform better than BTC once BTC Dominance hits a ceiling. Either at 60% or 70%. Hard to say now.

Keep an eye on this chart. My bias is bullish on BTC for the next six months and I favor BTC vs any alts right now.

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