Is Bitcoin About to Drain the Life Out of Altcoins? Analyst Thinks So

TL;DR Bitcoin’s dominance climbs off key support, hinting at renewed strength into September and ￰0￱ may underperform as Ethereum-led rallies show signs of topping out this ￰1￱ expect Bitcoin to regain control as liquidity exits altcoins in the coming ￰2￱ Dominance Rebounds After Trendline Support Bitcoin’s share of the crypto market has started to rise ￰3￱ Bitcoin Dominance (BTC. D) index recently bounced off a key trendline that’s held firm since early ￰4￱ now sits above 58%, following weeks of ￰5￱ rebound may signal the end of altcoins’ recent run. 1 week warning Bitcoin Dominance is likely going to move higher in Sep/Oct. As noted in