Bitcoin Dominance Falls Below Critical Level For The First Time This Cycle, Altcoin Season Coming?

Luca points out that the Bitcoin dominance had actually dropped below a notable level for the first time this cycle. This is the Weekly Bull Market Support Band, and the last time that the dominance was below this level was back during the last cycle. In addition to breaking below this support band, the Bitcoin dominance also happened to have retested this same level as resistance.

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