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Bitcoin: BTC Bears Want To Wait For Confirmation (September 2019)

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Bitcoin: BTC Bears Want To Wait For Confirmation (September 2019)

Bitcoin dominance has declined even further. In our Saturday’s analysis on Bitcoin (BTC) we mentioned how a slipping Bitcoin dominance is great for the bullish morale because when Bitcoin dominance falls it signifies that individuals have self-confidence in cryptocurrencies other than Bitcoin as very well. The dominance stage has declined appreciably from when we posted the chart and as we can see it is now resting on a strong assist. If we are to see even further downside stick to in BTC/USD then this assist for Bitcoin dominance cannot crack. If Bitcoin dominance finishes up breaking this assist, then we ought to be ready for a strong operate up in altcoins which could possibly guide to new yearly highs in some altcoins in the weeks ahead.

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