Bitcoin Dominance Update
Here is a follow up, short and simple...
I believe this chart will continue climbing until reaching 50 and higher.
The indicators, and , as well as the bars and the candles ( reading) support this.
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It is the first time this happens since October 2020.
This is a strong bullish signal, specially if it can stay above this level.
EMA100 here is represented by the blue line on the chart.
Closing or not your position is something that you should plan before buying.
If Bitcoin moves really strong, the altcoins can have an initial retrace and then resume up.
Bitcoin growing is always good for the entire cryptocurrency market.
Any downfall caused by Bitcoin's bullish action is only temporary.