๐ Bitcoin Dominance Update
๐ Bitcoin dominance is following the trend line and making higher highs.
๐ Dominance gaining momentum as Bitcoin's price increases.
๐ Altcoins are not seeing a major recovery because Bitcoin dominance is not decreasing.
๐ No matter Bitcoin's price goes up or down, till dominance is not start to decreasing we don't see major recovery in Altcoins.
๐ Bitcoin dominance is around 62%. In my view, it may reach the previous high (64-65%), form a double top pattern, and then face rejection.
๐ Next few days Focus on US based coin, short-term trades and book small profits until dominance starts to drop.
