Altcoins Could Fall 30–50% if Bitcoin Dominance Keeps Rising, Analyst Warns
- —Bitcoin dominance broke above a long-running downtrend line and is retesting it
- —A 10% BTC drop to the mid-$70,000s would push altcoins down 30–40%
- —A 20% Bitcoin correction could send altcoins down as much as 50%
- —The level to watch is $81,000; a daily close below opens the path to $70,000
Why it matters: The dominance signal has historically preceded major market turns, so traders should watch the $81,000 level and how they allocate between BTC and altcoins.
Source: Cryptonews.net