Bitcoin Dominance (BTC.D) - October 5th
Bitcoin Dominance gapped down through a 3-year uptrend from 62% to just under 60%, sitting at 59.34% at the moment. This is a good indicator for altcoins going into this next week and even month, that it will be a good month for altcoins in the respect that select ones should out perform Bitcoin very well, such as a handful of the DeFi projects we've seen throughout the summer.
I expect the price of Bitcoin to continuously be rising, but altcoins that have an actual use case should do even better.
I expect the price of Bitcoin to continuously be rising, but altcoins that have an actual use case should do even better.
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