Bitcoin Dominance To Reach 2017 Levels!
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!