BTC Dominance Analysis - 57% Key Level

Some light analysis on BTC Dominance chart. 57% is a key level as it is an established support line. If BTC Dominance breaks below this support line, we should expect to see a rise in altcoin prices as the profits from selling BTC are used to buy altcoins. If BTC Dominance bounces off the support line, we should expect a continued rise in BTC prices and possible pullbacks from altcoin prices.