What Are The Possible Odds For Bitcoin To Outperform Alternative Market
Bitcoin to possibly outrun altcoins how possible can that be, the answers to this lies within the bitcoin trading volume and bitcoin dominance chart. We traders and short time investors are really optimistic about the fourth quarter as dated back in history this is the period which commerce the bullish cycle.
In a twitter thread which one of prolific crypto analyst made a session has regards this telling he’s followers on twitter that he is keeping a close watch on the digital primary asset across all exchanges;
“Big move in next few days after essentially a month of sideways. All same chart, a lot of volume across all exchanges coming in outside of large June sell-off. This is a noticeable uptick.”
Pentoshi, says that bitcoin is currently testing it’s downward trend since November last year as he says that there have been a rise in trading volume;
“BTC up against the downtrend line now from the November highs. Quicker taps against the trendline as of late. Let’s see what she got.”
Projected rally price for this move is $28k, he said. He also took a look at the bitcoin dominance chart as he said that it’s a bullish dominance for bitcoin is rising faster than other digital crypto assets;
“BTC dominance threatening a potential breakout. Keep in mind never once has anything good coming from it touching that bottom line. IF it breaks out here, THEN regardless of a move up or down it will outperform alts.”
At the point of writing bitcoin was still trading below $20k
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