{"id":400596,"date":"2019-10-06T04:00:53","date_gmt":"2019-10-06T04:00:53","guid":{"rendered":"https:\/\/wncen.com\/?p=400596"},"modified":"2019-10-06T03:03:39","modified_gmt":"2019-10-06T03:03:39","slug":"bitcoin-dominance-poised-to-breakdown-are-altcoins-about-to-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-dominance-poised-to-breakdown-are-altcoins-about-to-rally\/","title":{"rendered":"Bitcoin Dominance Poised to Breakdown, Are Altcoins About to Rally?"},"content":{"rendered":"
Bitcoin\u2019s weakness over the past couple of weeks has resulted in a failure to bounce back as it clings to support at $8k. The drop had largely been expected and many analysts are of the opinion that further declines could be on the cards. The BTC dominance chart is also showing telltale signs that could be beneficial for altcoins.<\/p>\n
Bitcoin Dominance Drops Below 70%<\/h2>\n
BTC has slowly weakened over the weekend with a fall back to just above $8k following a couple of brief touches of $8,200. This resistance level is proving too difficult to overcome which means the path of least resistance is to the downside. At the time of writing a break below $8k is looking imminent.<\/p>\n