BTC Dominance Is Loving This Range
Yet again BTC Dom has bounced off this 40% support level - this can be interpretted many ways the most likely in this case is that BTC will likely be holding its cap (possibly even capital coming into it) whilst money drains out of the wider ALT market. With the USDT dominance looking like it might be dropping there could be a migration of ALT capital into BTC. Remember that when this happens this will "double" the impact of the BTC Dominance so not necessarily menaing that the Bitcoin price is going to fly....at all. Remember the dream scenario is always:
BTC Price Rise
ALT Market Cap Rise
BTC Dominance Fall
USDT Dominance Fall
Yet again BTC Dom has bounced off this 40% support level - this can be interpretted many ways the most likely in this case is that BTC will likely be holding its cap (possibly even capital coming into it) whilst money drains out of the wider ALT market. With the USDT dominance looking like it might be dropping there could be a migration of ALT capital into BTC. Remember that when this happens this will "double" the impact of the BTC Dominance so not necessarily menaing that the Bitcoin price is going to fly....at all. Remember the dream scenario is always:
BTC Price Rise
ALT Market Cap Rise
BTC Dominance Fall
USDT Dominance Fall
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.