Bitcoin: BTC And Altcoins Are At A Decision Point (September 2019)

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Bitcoin: BTC And Altcoins Are At A Decision Point (September 2019)

Like it or not the cryptocurrency market is at a decision point. As a trader, you have to make a decision here depending on whether you are bullish or bearish on the market. If you want to wait it out, then that indecision is also a decision in itself. In other words, this is the time when it is going to make all the difference which way you lean. If we look at Bitcoin dominance, it has declined to a key support on the daily chart. This level cannot break if we are to see Bitcoin dominance rise in the weeks ahead. If it does break, altcoins bulls would be right to claim victory as we might have an altcoin season on the corner. Barring all that, the setup remains bearish and we expect further downside in the market.

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