BTC Dominance May Soon Top Out, Giving ADA a Chance to Rise

• Dan Gambardello predicts that BTC’s dominance may aoon reach its peak for the current bear cycle.
• The analyst anticipates that ADA/BTC could rebound soon.
• Supporting his bullish prediction is the emergence of a bullish divergence on the daily chart for ADA/BTC.

The cryptocurrency trader and analyst Dan Gambardello predicted that the market dominance for Bitcoin (BTC) may reach its peak in the coming few weeks, potentially giving altcoins such as Cardano (ADA) the chance to rally. At the base of his prediction is the fact that ADA was resting on a medium-term positive trend line that had formed on the ADA/BTC daily chart.

Despite his prediction, Gambardello did warn that BTC’s dominance could continue to rise to above 60% if history repeats itself. Consequently, ADA may drop another 50+% on the ADA/BTC chart, which is aligned with what other analysts anticipate and technical indicators suggest, according to Gambardello.

The analyst noted in his video that a bullish divergence was present on the daily chart for ADA/BTC. This was evident in the fact that the daily RSI indicator was posting higher lows, while…

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