Bitcoin Dominance has been stuck between 60% and 65% for some time now. We do not seem to want to leave this area so we are likely to consolidate further in this zone until we have a clear reaction in price from BTC (below my BTC/USD idea).
What I would expect is a sharp reaction in price once we move beyond this range.
This may also be a no-trade zone as there is no clear direction or momentum, however, some alts can shine in such an environment. Likely we will not get a generalized alt rally until BTC Dominance starts going down or breaks under 60%.
For now good idea to scout some nice plays in alts until BTC decides what to do next.
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