Discover whether altcoins will have growth opportunities as Bitcoin's dominance is analyzed. Learn how market indicators can influence the performance of altcoins.
Crypto analyst Croosh Khanegah, an independent trader and founder of Zero Complexity Trading, recently provided insightful analyses on the digital currency market. He refers to a set of charts that he believes can determine the next market trend. The BTC/USD chart is considered the main indicator for evaluating the bullish market. Khanegah believes that this chart can show which phase of the bullish market we are in. If BTC/USD surpasses its all-time high (ATH), the bullish market will continue. If the Bitcoin price stabilizes below the ATH, altcoins are likely to enter an accumulation phase and may see an increase in value in the future. If Bitcoin undergoes a severe correction, a downward trend will begin.
