Market analysis

Will the Bitcoin continue to gain market share❓

• Yello, ladies and gentlemen😎!

💎”The BTCDOM Index provides insights into the market and can be used as a tool to speculate on Bitcoin’s relative strength against altcoins. Essentially, the index measures the demand for Bitcoin relative to altcoins. When altcoins gain market share relative to Bitcoin, the BTCDOM index loses value. Conversely, when Bitcoin gains market share relative to altcoins, the BTCDOM index will gain value.”

💎The BTCDOM Index broke above the resistance trendline, followed by the break above the 1356 resistance. After the breakout, we can see a re-test of 1356, which at this point has become the support.

Continue Reading 👉 CLICK HERE

Crypto trading involves substantial risk and is not suitable for everyone. Nothing here is financial advice; it is education only. Never risk more than you can afford to lose.