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#COPPER / #GOLD vs Others #Altcoins Dominance
I'm finding more and more similarities between these two charts.
We're now at the last line of defense the final bearish trendline before a potential explosive breakout in Copper vs. Gold.
The last time this happened, at the end of 2020, price spent around 2 months at this level before finally breaking out.
At the same time, Others.D bottomed, and the final leg higher for both Copper and altcoins (Others.D) began.
If history rhymes, Others.D could bottom by the end of August, while Copper vs. Gold starts breaking above its bearish trendline.
If that happens while Bitcoin breaks above $80k, I don't think the market is prepared for what could be a monster move in altcoins 👽