Hello, dear members of LeoFinance!
Today I will make a small updated on previous post about the BTC Dominance Rate.
So, in the daily chart (1D), BTC Dominance has approached the upper line of the downtrend (descending channel):
In my view, it is likely that a breakout will ocur and BTC Dominance Rate will start to rise towards the starting level of the descending channel - a level of approximately 72%.
To be continue ...
So, fellow LeoFinancier, what do you expect from BTC Dominance rate?
p.s. at the time of writing BTC Dominance rate is at the level of 65.86%, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 14+ years, and as a cryptocurrency analyst for the last 3+ years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency trades, investments and etc.
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