PANews reported on April 12th that according to Newsbtc, crypto analyst El Crypto disclosed data showing that the current Bitcoin market dominance has exceeded 60% and reached a resistance zone. Based on the historical trend of the past year and a half, this trend has entered a correction area, and the Relative Strength Index (RSI) is also in the overbought zone, which means the market may be favorable for Altcoins or could see a rebound. Additionally, crypto analyst Kevin Capital also seems optimistic about the subsequent performance of Altcoins, however, he warns that the situation for ETH might be different, as ETH has performed poorly throughout the entire cycle.
