Money is shifting towards altcoins ✍️

Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Let's talk about crypto market. Bitcoin is back above 97k and ether is also showing move. Today i am going to discuss about USD dominance, Bitcoin dominance, and altcoin dominance to better understand the current market situation and gain some key confirmations. First, USD dominance has recently broken its seven-year support trendline, which is a significant bearish signal. We saw this breakdown on November 18th, and now the price is retesting that level. Historically, when USD dominance broke its support like this, we saw a significant decline in Bitcoin prices, which could repeat this time as well. If USD dominance continues to weaken, Bitcoin might break through its current resistance and rise towards $100,000.

Bitcoin is currently struggling with a key resistance trendline, similar to the rejections we saw in 2017 and 2021. If USD dominance continues to drop, Bitcoin could push higher, but this will depend on how the next few weeks play out. On the other hand, altcoin dominance is showing strength. It’s bouncing from a long-term support trendline, indicating a potential rise in altcoins. This is something we’ve seen in the past where after such bounces, altcoin dominance increases, and altcoins experience significant growth. There's weakness in USD dominance, struggling Bitcoin dominance, and rising altcoin dominance. This shift in trends suggests that money might start flowing from Bitcoin to altcoins. It’s very important to keep watching these key levels and trends to know where the market is heading in the coming weeks. That's it for today. Here's the latest update video of crypto market. Thanks & have a good day!!

@abfarhan