rleathjr

BTC Status Update

Long
BITSTAMP:BTCUSD   Bitcoin
Right now we see BTC is sitting at 47,000 relatively close to support, I believe this was a necessary pullback after the run crypto has made over the past month. We should see a retest to 51,000 by next week and look to hold that level. BTC Dominance has been down to around 41 (if you don't know what that is it is basically the total crypto market cap that is dominated by BTC), as BTC is down the broader crypto market has received more resources relative to BTC. It is not an indicator of a complete market shift yet but I will give updates on the broader market as well.

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