$BTC Dominance
BTC Market Dominance reaching highs not seen in August while BTC breaks its All-Time Highs. We do expect a correction in it, which will get us the alt season we've been talking about, however, it won't likely be right away, and the reason is very simple.
What are we expecting from our current level?
As for now, our 48.91 May/August highs remain untouched, meaning we could very likely see a liquidity tap up there (which would send BTC up to $70,000 - $72,000), before a deep correction in market dominance. The highest we see BTC Market Dominance going before a correction is $50.17, which would happen in no more than a week, and would afterward send ETH and alts flying.
------------------
Best Regards, iSmashProfit™
What are we expecting from our current level?
As for now, our 48.91 May/August highs remain untouched, meaning we could very likely see a liquidity tap up there (which would send BTC up to $70,000 - $72,000), before a deep correction in market dominance. The highest we see BTC Market Dominance going before a correction is $50.17, which would happen in no more than a week, and would afterward send ETH and alts flying.
------------------
Best Regards, iSmashProfit™
Related publications
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.