$BTC.D again above 60%

After the tariff tantrum between US, Canda, Mexico and China during the weekend, we saw BTC again below 100K. But the weekly closure on the weekly chart in the BTC weekly chart is still not broken. So, the BTC bull run is still intact with short term hiccups.

But the topic of the discussion is not the BTC price instead we are looking at the Dominance chart. BTC.D is again above 60% even if BTC is below 100K. The Alt Coins have lost more Market Cap during this weekend’s shakeout in comparison to BTC. But it is highly coincidental that the BTC.D is back at the 0.618 Fib retracement level. The Fib retracement is plotted on the BTC.D weekly chart. There is no Alt Coin season unless the BTC.D breaks down decisively. Watch out if BTC.D weekly close breaks below the 0.5 Fib retracement level. Until then stay long BTC.