BTC Dominance - Market Update - 23.12.21
Hello Traders!
The Bitcoin Dominance chart shows a continuation of the downtrend.
At the moment there is a retest of the support level 40.12%.
Ecosystem altcoins are taking some liquidity from the market, so we don't see significant rebounds in BTC Dominance during market corrections.
The launch of ETH 2.0 will serve as a trigger for ETH to start growing. The result of such growth will be a further decline on the dominance chart, first to the level of 36.28%, and then to 32-33%.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
The Bitcoin Dominance chart shows a continuation of the downtrend.
At the moment there is a retest of the support level 40.12%.
Ecosystem altcoins are taking some liquidity from the market, so we don't see significant rebounds in BTC Dominance during market corrections.
The launch of ETH 2.0 will serve as a trigger for ETH to start growing. The result of such growth will be a further decline on the dominance chart, first to the level of 36.28%, and then to 32-33%.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice