Hello, traders!
Bitcoin's dominance has tested the 70.92 level where it was a year ago.
Bitcoin absorbed all the liquidity of the market during its rally.
Christmas holidays are coming and traders in the stock market prefer to fix their positions.
In case if big players are fixing positions on BTC, the nearest support level is at the price values of $19400-19800.
Therefore, if BTC enters a new hyper-cycle, it will need to fix the $20000 mark where it may experiencing flat for 2-3 months, as it was in May-July 2020.
Flat on bitcoin will give impetus to the fall of BTC dominance and trigger the altcoin season!
Watch out for the market and good luck!
Bitcoin's dominance has tested the 70.92 level where it was a year ago.
Bitcoin absorbed all the liquidity of the market during its rally.
Christmas holidays are coming and traders in the stock market prefer to fix their positions.
In case if big players are fixing positions on BTC, the nearest support level is at the price values of $19400-19800.
Therefore, if BTC enters a new hyper-cycle, it will need to fix the $20000 mark where it may experiencing flat for 2-3 months, as it was in May-July 2020.
Flat on bitcoin will give impetus to the fall of BTC dominance and trigger the altcoin season!
Watch out for the market and good luck!
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.
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.