Hello traders, I hope you have had a profitable week.โ First, pay attention to the previous analysis of the Bitcoin Dominance Index.๐
The Bitcoin Dominance Index is approaching the important level of 48.48. Despite the possibility of being rejected below this level, if the price of Bitcoin stays at a certain level or grows, the altcoins in the market can experience an upward movement of 20-40%.
Ethereum price targets were identified in a separate analysis.
Please share ideas and leave a comment, let me know what's your idea. CrazyS
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BTC.D started a downtrend. While Bitcoin is slowly rising and dominance is reaching lower levels, altcoins will start to ๐.
PS: divergences are on the chart!
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Dominance returned to the important weekly level. Altcoins are watching the movement of Bitcoin.๐