maulikjd91

Bitcoin Dominance 70% more room to grow or Triple top ??

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
With BAkkt set to launch Bitcoin Futures next month, it moved from 700$ which was expected with the FOMO.
The dominance has been significantly rising in January 2019 and made a strong uptrend movement.

However, with the fear index rising we can expect a drop in the dominance which can be good for altcoins and also for institutional buyers, as it can be also taken as Triple top pattern.

Most of the people have put their long entries between 8200$-8700$ which is most likely to happen.

Expect Bitcoin dominance to be around 60%-62% in coming weeks.
Very strong trendline !
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