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UnknownUnicorn10064030
Dec 23, 2021 10:56 AM

BTC Dominance - Market Update - 23.12.21 Long

Market Cap BTC Dominance, %CRYPTOCAP

Description

Hello Traders!

The Bitcoin Dominance chart shows a continuation of the downtrend.

At the moment there is a retest of the support level 40.12%.

Ecosystem altcoins are taking some liquidity from the market, so we don't see significant rebounds in BTC Dominance during market corrections.

The launch of ETH 2.0 will serve as a trigger for ETH to start growing. The result of such growth will be a further decline on the dominance chart, first to the level of 36.28%, and then to 32-33%.

Good luck and watch out for the market

P.S. This is an educational analysis that shall not be considered financial advice
Comments
trytofeelpositive
very possiable, im bearish in midterm,let's see what happens
ogalijoshua1992
The season of altcoins getting closer. thanks for the analysis
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