The dominance of Bitcoin (BTC) has declined from almost 48% on October 20 to 42.3% on November 7, while the entire crypto market value has continued to rise. This shows that the price activity has changed away from Bitcoin and toward alternative cryptocurrencies. Bitcoin whales are selling, according to CryptoQuant CEO Ki Young Ju, but this hasn’t resulted in a breakdown of the firm support near $60,000. He also noted that Bitcoin reserves have continued to decline across exchanges, indicating high demand from purchasers. Bitcoin broke above the bullish flag pattern on Nov. 2 but the buyers could not capitalize on this move and push the price above the overhead resistance zone at $64,854 to $67,000. This indicates the bears have not yet given up and are attempting to stall the up-move.