As mentioned in the previous analysis, after resting and breaking the weekly and daily resistance, Bitcoin Dominance is moving towards its main resistance in the range of 48%, which can have an upward movement as much as the previous log, and this shows that the flow is getting stronger. The money in Bitcoin is compared to altcoins, so that in the upward trend of Bitcoin growth, it is stronger than altcoins, and in price corrections, altcoins will provide a better position for short positions.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.