I guess it’s time to defend my #BTC    dominance views again, considering the pullback.

Please note that dominance just had 10 green weeks in a row off of 49%.

The pullback so far has not even retraced the move dominance made in its 10th green week.

Probably will be a higher low
I know many of you do not care about BTC    dominance, and that is fine.

The reason I care about it is because it helps me understand whether altcoins are worth the risk relative to BTC.

For the last 2.5 years, BTC has drastically outperformed most (but not all) altcoins.

That is not to take away anything from altcoins that have outperformed BTC. As I have said, there are always a few.

My speculation is that BTC    dominance will form a higher low (>50%) but likely closer to 51-52%.