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Bitcoin Dominance Hits Resistance, Is It Time for Altcoins to Shine?
December 27, 2024 – The recent surge in Bitcoin’s dominance has reached a critical juncture, prompting speculation about the potential shift towards altcoin growth. With the cryptocurrency market hovering within the 55%-63% range throughout late 2024, key resistance zones have been identified at 58%-60% and the 0.618 Fibonacci retracement zone near 63%.
As Bitcoin’s dominance tests these levels, analysts predict a retraction in its market share, paving the way for altcoins to take center stage. The ongoing consolidation phase has encouraged traders to diversify their portfolios by allocating capital to promising assets.
Source: cryptonewsland.com
