Bitcoin dominance for weekend
After being on the tightrope over the bullish channel, Bitcoin's dominance remained in a kind of sideways movement with ups and downs, this has given some respite to the other altcoins. Our forecast is that after the stock is rejected at the 200 SMA, visit the 50 SMA and pull back to support at 67.5%, this could give the pairs a little push against BTC.
As always, we will have to wait for this confirmation, if it breaks up both moving averages it could touch the upper part of the channel; it all depends on the big movements of Bitcoin.
As always, we will have to wait for this confirmation, if it breaks up both moving averages it could touch the upper part of the channel; it all depends on the big movements of Bitcoin.
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