BTC Dominance - At support, still ranging... 🙄

BTC Dominance has not moved much since January... this is quite atypical considering the moves we had in late 2020.

Nevertheless, price action on BTC seems to indicate we may get a significant reaction soon which may take us out of this everlasting range between 60%-64%.

Check my BTC idea for more on that.

This chart right now makes me somewhat bullish as both low timeframes (4h) and higher timeframes (3D) appear bullish. Being on support also helps.

I see two possible paths:

1. BTC continues to correct/drop in price and alts correct twice as fast, hence BTC dominance increases = bearish for alts
2. BTC pumps and alts pump twice as hard and BTC dominance break under support and falls more = bullish for alts

Patience is key, we need to see what BTC wants to do next as we are at a critical level and any further drop in BTC price will start a longer correction in the best scenario.

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