Bitcoin dominance to confirm a downtrend soon
- follow up analysis on this one:
- Total new ATHs indeed marked the top of bitcoin dominance
- for the past two weeks or so bitcoin dominance has rebounded however it is becoming clear that the rebound is likely to form a lower high
- while alt/usd valuations will still depend on bitcoin´s direction they should soon suffer less when bitcoin is falling and outperform heavily when the king is rallying
- Total new ATHs indeed marked the top of bitcoin dominance
- for the past two weeks or so bitcoin dominance has rebounded however it is becoming clear that the rebound is likely to form a lower high
- while alt/usd valuations will still depend on bitcoin´s direction they should soon suffer less when bitcoin is falling and outperform heavily when the king is rallying
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.