The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved.
Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesnt mean it cant add value to your trading.
Latest Podcast Episode Discussing More Details
https://soundcloud.com/buy-or-sell-what-the-hell/does-bitcoin-dominance-matter-to-traders-35I believe that it will not happen, you can see that the market is in the long-term downturn and bitcoin prices are constantly decreasing, the price of altcoin also dragged down very deep, market The school is in crisis. So I believe bitcoin prices will not be able to hit $ 50k mark and will probably drop sharply in the near future.