As you can see in the bitcoin's dominance chart at weekly timeframe , we see that the candle has reached an important support level, And if the price reacts positively, bitcoin is likely to grow in the short term, and if that support is lost but the bitcoin price starts to rise, there is also the possibility of a small party altcoin. Note that we are only examining the possibilities and that decreasing or increasing the bitcoin's dominance can have different effects on the price, and we have only considered one or two cases. For more information about Bitcoin's dominance and its effects on the price and market, you can Google it and get good information .
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 26.DEC.2021 ⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️