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 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!


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