Bitcoin (BTC) Domination Challenges 50 Percent! What Will Happen If It Is Broken?

More difficult days may come in altcoins.
The leading cryptocurrency Bitcoin (BTC) is showing bullish movements as of 2023. Although small investors cannot fully grasp this bull trend as altcoins are struggling at the bottom, it can be clearly seen that BTC is doing much better compared to 2022.
Although Bitcoin is showing bullish movements, the bloody process continues for altcoins. Many altcoins are officially struggling to survive at ATL levels.
While the trend in Bitcoin is bullish, it is observed that the main reason why altcoins face seller pressure is the BTC dominance table.
BTC dominance table increased from 40 percent to 50 percent this year. In the last period, Bitcoin dominance is pushing 50 percent resistance.
Will the Disaster Scenario Be Active in Altcoins?
As of now, the Bitcoin dominance chart is at 49.8 percent. Exceeding the major resistance point of 50 percent can bring sharp rises to Bitcoin dominance.
In such a scenario, BTC dominance is expected to rise to levels of 57 percent. The fact that this rise occurs during the period when Bitcoin is falling may cause a 50 percent decrease from the point where altcoins are now.
If the increase in the BTC dominance table occurs during the period when Bitcoin is on the rise, there will be no decrease in altcoins.
*Stay tuned for updates!
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