Bitcoin dominance has begun to decline.

[Senin]

when everyone is calling for moon and saying go all in into alts. Bitcoin dominance today go to 64.7% level and rejected from there. 64.7% is the local resistance zone and as long as it is above 62%, it will try to go towards 66-67% resistance zone. Watch out your trades. What do you think?

Despite the fact that the price of bitcoin has now risen above $ 59,000, its dominance in the cryptocurrency market has dropped to 54.7 percent. This is a good sign for me. This means that participants in this market are still paying significant attention to altcoins and this part of the market is also evolving.
The cryptocurrency market must develop comprehensively, there can be no absolute dominance of one cryptocurrency. Otherwise, such a market will be vulnerable.

[Tnoy30]

Bitcoin is currently the largest cryptocurrency market. The price of Bitcoin has increased many times. Which is a lot more than Roi a year ago. So the situation with Bitcoin is going to get better. The resistance zone of Bitcoin is currently in the market with wavelengths to increase. So the price of Bitcoin will thus break the $70k resistance zone.

[bitbit97]

Indeed it has declined. Nice notice. I havent checked Bitcoin dominance for a while and was sure it is about 60-65%.
Usually, when there is a decline, alt season starts, but we only see that the part of dominance was taken my ETH.

[0t3p0t]

when everyone is calling for moon and saying go all in into alts. Bitcoin dominance today go to 64.7% level and rejected from there. 64.7% is the local resistance zone and as long as it is above 62%, it will try to go towards 66-67% resistance zone. Watch out your trades. What do you think?

I think Altcoin season is approaching or it could be that it needs a little time for a resistance and then have a break-out on that resistance zone but still we'll never know.

[mlawson71]

Bitcoin is back above 60k today. I don't think its dominance is going anywhere anytime soon.

[pealr12]

when everyone is calling for moon and saying go all in into alts. Bitcoin dominance today go to 64.7% level and rejected from there. 64.7% is the local resistance zone and as long as it is above 62%, it will try to go towards 66-67% resistance zone. Watch out your trades. What do you think?

Until I see it below 60% I won't call it a decline because this can very well reverse at any given time, I don't know when if ever btc dominance will go down because I see more institutional investors coming into btc almost every time, so let's hope it will eventually come down so that alts can moon.

[Carbitcoin]

when everyone is calling for moon and saying go all in into alts. Bitcoin dominance today go to 64.7% level and rejected from there. 64.7% is the local resistance zone and as long as it is above 62%, it will try to go towards 66-67% resistance zone. Watch out your trades. What do you think?

Until I see it below 60% I won't call it a decline because this can very well reverse at any given time, I don't know when if ever btc dominance will go down because I see more institutional investors coming into btc almost every time, so let's hope it will eventually come down so that alts can moon.

The fact is that the dominance of Bitcoin is decreasing only due to the fact that investments are distributed among other cryptocurrency assets, which have risen very much in the ranking. Nevertheless, this has no consequences for Bitcoin, and already at the present time we can observe an increase in the capitalization of Bitcoin.

[jonathancool220]

Because cryptocurrency trading is always changing and difficult to control, it is certain that Bitcoin, when the price has gone up, will definitely go down too.
In other words, we must be able to anticipate by having Fiat or stable coins such as BUSD, USDT or USDC so that when there is a Bitcoin dump, we can buy more.

[rizqillah]

Because cryptocurrency trading is always changing and difficult to control, it is certain that Bitcoin, when the price has gone up, will definitely go down too.
In other words, we must be able to anticipate by having Fiat or stable coins such as BUSD, USDT or USDC so that when there is a Bitcoin dump, we can buy more.

Absolutely yes, I think It is good idea. We should have stable coin when  bitcoin is going down, we can buy more..In my opinion investing is do the right time, the basic method is buy when low and sell when high. But we know, ceypro currency is unpredictable and cannot be controlled.

[Nusrat]

Bitcoin is one of the most popular coins.  It has been seen for some time that Bitcoin has stopped at 60-65%.  However, the state of Bitcoin does not look like Bitcoin will go down in the future.  It will slowly move just upwards.  Those who are investing are a little more interested in it.  It is very unlikely to reduce the price.  Bitcoin will grow slowly every day and the number of investors is likely to increase.

[Seerge]

Because cryptocurrency trading is always changing and difficult to control, it is certain that Bitcoin, when the price has gone up, will definitely go down too.
In other words, we must be able to anticipate by having Fiat or stable coins such as BUSD, USDT or USDC so that when there is a Bitcoin dump, we can buy more.

A very effective strategy, keeping stable Coins like USDT to buy Bitcoin when the price drops. I also do that a lot, but not on big coins like Bitcoin, but on small coins only. Because Bitcoin is now very expensive and it is unlikely that the price will drop dramatically, as happened in 2017-2018

[vaysar]

Institutional investors can lower the dominance of BTC, they do not invest all funds in bitcoin, but distribute their investments among the TOP-100 CMC, especially in altcoins of projects with in-demand technologies and prospects in the future digital economy.

[Vx1]

There is nothing to worry about in trading and investing in Bitcoin, because the decline in Bitcoin domination must only be temporary because we know that the price and the dominance of Bitcoin go up and down. Bitcoin is the best Cryptocurrency, Trading and investing this coin has great potential for profit.

[Arendra]

I don't think anyone will ever know when Bitcoin will suddenly decline. But I believe 2021 will be very different from the previous year. I'm sure Bitcoin has many amazing surprises.

[Fenix]

when everyone is calling for moon and saying go all in into alts. Bitcoin dominance today go to 64.7% level and rejected from there. 64.7% is the local resistance zone and as long as it is above 62%, it will try to go towards 66-67% resistance zone. Watch out your trades. What do you think?

Until I see it below 60% I won't call it a decline because this can very well reverse at any given time, I don't know when if ever btc dominance will go down because I see more institutional investors coming into btc almost every time, so let's hope it will eventually come down so that alts can moon.

The dominance rate of bitcoin continues to decline slowly and now it is already 51.3 percent. This means a reallocation of capital in favor of altcoins. I would like to see his dominance drop much lower so that he loses such dominance over altcoins. It is very interesting how the price of cryptocurrencies will be formed, if there is no longer a clear dominance of one cryptocurrency, and there will be 5-7 of them at the same time.