Rising Bitcoin Dominance Spells Trouble For Altcoins − 稼げる投資系口コミ情報サイト【Trade Center】

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Rising Bitcoin Dominance Spells Trouble For Altcoins

Bitcoin (BTC) has just closed the day above the 21 Day EMA. In our last analysis on BTC/USD, we mentioned how this could be an opportunity for the bulls to save the price. Now, this does not mean that we might see a rally to a new yearly high from here but it does mean that the price could trade sideways or stall a move to the downside for now. That being said, the price could as easily decline below the 21 Day EMA as it has already begun the day in red. However, if the bulls want to save the price they can at this point before it breaks the parabolic uptrend. We do not think that the price can go up much higher from here because if we take a look at the daily chart, we can see that it has topped out in the same manner that it did in December, 2017.

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