Post
Topic
Board Speculation
Re: Bitcoin price has reached new high price near 59K
by
Gozie51
on 06/04/2021, 21:52:10 UTC

"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."


The dominance level of the market is important to watch at. If bitcoin is still high in price and dominance is reducing, it may be a good sign of what can happen. The whales could be taking out money to invest in altcoins. And the price is no longer very strong at above $59k because it drops to $58 as fast as possible. We can say maybe with the altcoin move, maybe the price may take a little more correction.