BTC dominance looks headed near the 80% range as it continues to melt-up higher and blast through resistance levels. Currently, the price is $8,330 and Bitcoin dominance shows no signs of cooling off.
In fact, the weekly chart shows a bullish engulfing candle which typically leads to continuation upwards.
For those holding alt-coins...be prepared for bloody days ahead. When Bitcoin takes the spotlight and moves 15%+ within a week, it does not tend to bode well for alt-coins.
To be frank, most alt-coins will not even see decent rallies until BTC finishes its final push upwards and forms a blow-off top.
Until then, we are waiting to see what happens next. Currently, all signs point upwards. BTC bulls keep leading the way!
In fact, the weekly chart shows a bullish engulfing candle which typically leads to continuation upwards.
For those holding alt-coins...be prepared for bloody days ahead. When Bitcoin takes the spotlight and moves 15%+ within a week, it does not tend to bode well for alt-coins.
To be frank, most alt-coins will not even see decent rallies until BTC finishes its final push upwards and forms a blow-off top.
Until then, we are waiting to see what happens next. Currently, all signs point upwards. BTC bulls keep leading the way!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.