Will BTC.D take BTC to 70k?
Looking at the Bitcoin dominance chart we can see that the possibility of renewing its bullish levels as it did today by setting a new historic top at 50.680k (some targets 52k, 55k, 60k, 65k the most optimistic where it is very likely arrive and even pass). However, I want to draw your attention to the fact that we have had a small rally in the Altcoins since January with a break since last Friday.
The fact that the Altcoins have made good gains (I could not enjoy more because I was infected Covid-19 with my wife and had a family loss due to the same disease, therefore the psychological one for trades and analyzes. Health in 1st place. Things are very complicated here in Brazil due to the pandemic. Take care and take care of yours, wherever you are!) was that BTC's dominance came to correct in that time interval, however note that BTC remained above 40k, so its Falling dominance does not mean that it will necessarily go into correction, but that the chances of a bullish Alts rally are certain, and for me that I only returned to trades at the end of January it was very profitable!
What I see now is that the corrective wave is coming to an end and could bring the price of BTC to 60, 70K, so we can do a test on the Ichimoku cloud and correct it again, but until you get there, enjoy it!
Meanwhile, the likelihood of Alts having losses is great and we see a corrective wave that may have started over the weekend and then resume their upward momentum (this is the time I only watch and take the opportunity to study and dedicate myself to other projects) .
Good luck to everyone and take care!
The fact that the Altcoins have made good gains (I could not enjoy more because I was infected Covid-19 with my wife and had a family loss due to the same disease, therefore the psychological one for trades and analyzes. Health in 1st place. Things are very complicated here in Brazil due to the pandemic. Take care and take care of yours, wherever you are!) was that BTC's dominance came to correct in that time interval, however note that BTC remained above 40k, so its Falling dominance does not mean that it will necessarily go into correction, but that the chances of a bullish Alts rally are certain, and for me that I only returned to trades at the end of January it was very profitable!
What I see now is that the corrective wave is coming to an end and could bring the price of BTC to 60, 70K, so we can do a test on the Ichimoku cloud and correct it again, but until you get there, enjoy it!
Meanwhile, the likelihood of Alts having losses is great and we see a corrective wave that may have started over the weekend and then resume their upward momentum (this is the time I only watch and take the opportunity to study and dedicate myself to other projects) .
Good luck to everyone and take care!
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