BTC Dominance
By crossing the 44% resistance range, the upward trend of dominance is maintained and it is predicted that this movement will continue up to the 47% range.
It is expected that by reacting to the mentioned resistance, the dominance index will be temporarily stabilized and move towards higher goals with a short correction.
The sharp drop in the price of Altcoins over the past 48 hours is not only related to the increase in bitcoin dominance, but also the lack of new liquidity.
Accordingly, if the scenario is realized and the dominance index reaches about 47%, if we do not see an increase in market liquidity (#TOTAL), the current situation will remain and if it crosses 47%, this trend will be stronger.
Therefore, observe the loss of all the analyzes provided
By crossing the 44% resistance range, the upward trend of dominance is maintained and it is predicted that this movement will continue up to the 47% range.
It is expected that by reacting to the mentioned resistance, the dominance index will be temporarily stabilized and move towards higher goals with a short correction.
The sharp drop in the price of Altcoins over the past 48 hours is not only related to the increase in bitcoin dominance, but also the lack of new liquidity.
Accordingly, if the scenario is realized and the dominance index reaches about 47%, if we do not see an increase in market liquidity (#TOTAL), the current situation will remain and if it crosses 47%, this trend will be stronger.
Therefore, observe the loss of all the analyzes provided
Crypto Club TA team
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
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Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/IrCryptoClub