Bitcoin Dominance Rejected – Are Alts About to Shine?

[m_c_jacob]

After peaking in late June, Bitcoin Dominance started a steady decline, which extended all the way into mid-August. Recently, the market carved out a local low around 57%, followed by a modest rebound.

This rebound, however, looks clearly corrective in nature — nothing impulsive, just a small push back into resistance. And once that resistance was touched, rejection followed immediately.

From here, I expect a new leg down in BTC.D, which could finally inject some much-needed life into the altcoin market in the weeks ahead.

So, while BTC holds the spotlight at 120k, keep an eye on dominance — it might be the trigger that lights up the next alt season.