Bitcoin's inability to assign over $8500 increased the trend towards altcoins. Bitcoin dominance has been dropping for 4 weeks and entering the 5th week with decline.
On 20 September, we said that; Bitcoin dominance is critical, it is moving below the 70.27% level, the weekly closures below this level are the first step for the start of the altcoin rally and then the 67.95% level will be followed.
Currently we are at 66.7% according to Coinmarketcap data and 68.85% according to TrandingView data.
The actual threshold of 70.27% has already been broken. Now it is below this level, it can break the 67.95% level and start the altcoin rally with 59% ride.
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