Bitcoin dominance reached its highs since December 2018. In the zone of 60%.
And bitcoin once again proved who the father is in the house.
I believe that the increase in Bitcoin domination is due to the fact that the new money that enters the market is invested in cryptocurrency number 1 - Bitcoin.
Bitcoin value really has in contrast to 95% of other projects.
Now we have seen Bearish Engulfing on the chart, which means that bitcoins start to pour into other projects, thus domination of bitcoin falls, as a rule, after such a growth, at least a minimal correction always occurs to roll back for the next tug. I will be watching this important indicator. Now I am waiting for a pullback to 59-58% domination
And bitcoin once again proved who the father is in the house.
I believe that the increase in Bitcoin domination is due to the fact that the new money that enters the market is invested in cryptocurrency number 1 - Bitcoin.
Bitcoin value really has in contrast to 95% of other projects.
Now we have seen Bearish Engulfing on the chart, which means that bitcoins start to pour into other projects, thus domination of bitcoin falls, as a rule, after such a growth, at least a minimal correction always occurs to roll back for the next tug. I will be watching this important indicator. Now I am waiting for a pullback to 59-58% domination
Comment:
FIRST SUPPORT LINE IS BROKEN
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