Another idea for the public. This time we look up for BTC Dominance on the market.
As we can see, the dominance of BTC is decreasing as the other coins / tokens pops up to the market.
And, the market seems to response this by searching (or creating) "the next bitcoin" as we may remembered this phrase many times we've heard since the crypto popularity after the China ban hammer. But, as many as "the next bitcoin" shows up, most of them failed, but some of them i.e. ETH and BNB adapt and dominated the market after BTC.
My concern for BTC, the domination will be rising for early next year, though we never know for sure.
That's for the BTC.D analysis. Hope the best for the market.
*This is not some sort of a signal to buy or sell. Your money your responsibility.
As we can see, the dominance of BTC is decreasing as the other coins / tokens pops up to the market.
And, the market seems to response this by searching (or creating) "the next bitcoin" as we may remembered this phrase many times we've heard since the crypto popularity after the China ban hammer. But, as many as "the next bitcoin" shows up, most of them failed, but some of them i.e. ETH and BNB adapt and dominated the market after BTC.
My concern for BTC, the domination will be rising for early next year, though we never know for sure.
That's for the BTC.D analysis. Hope the best for the market.
*This is not some sort of a signal to buy or sell. Your money your responsibility.