Bitcoin is asserting its dominance
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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