The current price action of bitcoin is resulting in an increase in %dominance of the crypto market, bouncing again from ~40%.
It just broke a daily downtrend (in orange) and it may go test the larger downtrend around ~44% (in yellow) in the short term (Jan-Feb 2022).
This implies high price volatility ahead for bitcoin.
It just broke a daily downtrend (in orange) and it may go test the larger downtrend around ~44% (in yellow) in the short term (Jan-Feb 2022).
This implies high price volatility ahead for bitcoin.
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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.