Bitcoin's market dominance has fallen to 59.2%, breaking a long-standing bullish trendline and indicating a potential shift towards altcoins. The trendline analysis reveals a rejection near 65%, suggesting Bitcoin's relative underperformance. As Bitcoin consolidates, altcoins are poised to gain traction, with Ethereum and large-cap tokens expected to lead the charge, followed by smaller projects. Monthly charts confirm the breakdown, showing expanding downside ranges as capital rotates into altcoins.
Bitcoin Dominance Declines, Boosting Altcoin Prospects
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