Is the Bitcoin dominance rejected at 71.5%? That's the question. If it's rejected, this would mean it would start a downwards trend and this means the dominance of Bitcoin compared to the entire market would go down. The only way that can happen is if altcoins go up in BTC value.
If the dominance is not rejected and simply doing a little pullback to continue its upwards trend, the next stop is at 77% dominance and that's a long way from where we are now...
Also, the Bitcoin price seems to continue its way down and range more in the descending wedge it formed. The most likely scenario is that it stays within the range for about 2 more months, with the range getting more and more tight, which means volatility would go down. This would make sense if we see a rejected Bitcoin dominance at 71.5%. This combined makes it look like we're going to see some altcoin action once the Bitcoin price stabilizes a bit more.
-----------------------------------------------------------------------------------------------------------------------------------------------------------
Follow me on Twitter:
Follow me on Facebook:
Follow me on Steemit:
Cryptocurrency investing Facebook group:
-----------------------------------------------------------------------------------------------------------------------------------------------------------
Register on Binance:
-----------------------------------------------------------------------------------------------------------------------------------------------------------
If you're feeling generous, donate to me here:
Bitcoin: 3ENm2XRVACaaEEwRqMZNYt9Zf1K1yWicUX
Ethereum (& ERC 20 tokens): 0x8cb2838f3F5e43FCCeEF696D3570D3762968F118
Ripple: rDsbeomae4FXwgQTJp9Rs64Qg9vDiTCdBv
Litecoin: MB9Z1bZHf72qNa3439nDoEcdHdUWMAshbq
Dash: XrucvJa2F3GLfqn3h8MQPww16i9rHN5Lae
NEO: APPViiDBuQn8NcKqgzX31jQ2ySaP2kW47L
0 Comments