Altcoin vs Bitcoin -Bitcoin Dominance Index Analysis
Bitcoin Dominance Index Analysis
The most important point for the bitcoin dominance chart is 50, let's see it:
As you can see, before 2017, when Bitcoin accounted for almost 90% of the market, then July 17, August 10, August 22, and September 27 reacted to the 50% index, which was supported 4 times. Excellent short-term growth and then a re-fall on November 12, which again was supported at 50% and went up. The support line was finally broken on December 27, 2017, it was broken and got a pullback, so it reacted 6 times and it seems to be a very strong level.
on March 30, 2018, returned to 50% but it could not pass it. It declines again until July 20, 2018, when he attacked him and reacted to him and with a pullback went up. Soar and never came back to its level until today when it reacted. So we will have some key days are ahead.
The most important point for the bitcoin dominance chart is 50, let's see it:
As you can see, before 2017, when Bitcoin accounted for almost 90% of the market, then July 17, August 10, August 22, and September 27 reacted to the 50% index, which was supported 4 times. Excellent short-term growth and then a re-fall on November 12, which again was supported at 50% and went up. The support line was finally broken on December 27, 2017, it was broken and got a pullback, so it reacted 6 times and it seems to be a very strong level.
on March 30, 2018, returned to 50% but it could not pass it. It declines again until July 20, 2018, when he attacked him and reacted to him and with a pullback went up. Soar and never came back to its level until today when it reacted. So we will have some key days are ahead.