Beskrivning
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PrimeXBT is on the air and we are going to analyze Bitcoin’s dominance over the crypto markets.
BTC’s dominance broke through its eight-month-long Wave C support line of the Elliott ABC corrective waves.
Currently, it’s hitting strong resistance that’s coming from the downward trend-line.
The projected downwards phase will last until February of 2020, with a peak bottom in January of 2020.
However, BTC’s RSI currently has a strong bullish divergence that could lead to a continuance of an uptrend after we reach our first near-term target.
- Target zone: 63%
- BTC Dominance: 68.37%
- Market Cap: $197 108 909 995
- 24h Vol: $58 157 606 098
Be careful though, don't forget about capital & risk management.
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⋅ It broke through the channel's resistance line and retested the ex-support line.
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⋅ Testing the ex-support line