Bitcoin’s Market Dominance Hits Resistance, Analysts Predict Altcoin Rebound

Cryptocurrency analyst El Crypto highlights Bitcoin’s market dominance reaching over 60%, hitting a resistance zone according to data shared by PANews. Historical trends indicate this could signal the beginning of a correction phase. Further, the Relative Strength Index (RSI) currently sits in an overbought region, potentially favoring altcoins and fostering a rebound. Meanwhile, cryptocurrency analyst Kevin Capital offers positive projections for altcoins despite concerns around Ethereum (ETH), which has lagged behind throughout the current cycle.