Bitcoin dominance continues to rise. With 99% of altcoins unable to reach their previous all-time highs, many are likely to bleed out and eventually become worthless.
The current price action is very similar to May 2019, during which BTC.D held above the 30 Week MA and broke out of the resistance line after consolidating for a few months. BTC.D could potentially reach the 60% level.
The current price action is very similar to May 2019, during which BTC.D held above the 30 Week MA and broke out of the resistance line after consolidating for a few months. BTC.D could potentially reach the 60% level.