❗ The altcoin market may be very close to a reversal
The chart shows the ratio of altcoin capitalization to Bitcoin.
This answers the question of who is stronger right now: altcoins or $BTC .
• Altcoins have been falling relative to Bitcoin for almost 4 years.
The yellow line at the top is a downward trend since 2022.
• Attempts to break upwards in March and November 2024 have failed.
Both are marked on the chart. The market was not ready then.
• Now the indicator has hit the lower boundary of this trend.
The pressure on altcoins is already at its maximum.
• The MACD indicator (at the bottom) has been in the negative zone for 43 months.
This also shows signs of a possible reversal.
Is anyone still waiting for explosive growth of altcoins? Or is it all fairy tales? $ETH $SOL
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