Analysis: BTC market share is about to break through the multi-year support level, which may indicate the arrival of the Altcoin season

avatar
ODAILY
12-02
This article is machine translated
Show original
According to data from TradingView, the BTC market share has dropped from 60% in the past month to below 57% (currently at 56.7%). Analysts predict that the BTC market share appears to be about to break through its multi-year support trend line. In addition, the ETH market share has also fallen to 12.9%, while the market share of other has risen to 31.5%, higher than the 28.1% of the previous month. The analysis points out that the significant decline in BTC market share has significantly impacted market sentiment, indicating that the season has arrived. (crypto.news)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments