Re: Market Update For Aug 5TH

Quote from: taufik123 on Today at 06:20:04 PM

Quote from: tabas on Today at 05:16:11 PM

-snip-
soon we might be sticking to the $60k again. And currently, Bitcoin's dominance is at 56.1% and that's near about 60%. I missed seeing that it had gone as high as 70% but the price at that time was quite low for this cycle but nearly the ATHs that we've got.

It will continue, and it will only take a little more to be able to break out above the $60k price,
then Bitcoin will continue its rally and reach the top Resistance quickly.

But of course this will not be easy as long as the unfavorable narrative about bitcoin or the influence of the war is taking place,
so we also need to be prepared for a sudden decline.

Bitcoin's dominance is still quite high at the moment, at 57.29%, and it will head to 58%.
But the effect on altcoins will decline before finally bitcoin can sideways and altcoins will recover.

Just a few more hundred and we're back to $60k again. The dominance of Bitcoin keeps on increasing and that's a good sign. We can see that most of the money that has been out of the market has been back again but mostly with Bitcoin. I'm still expecting some sideways as it reaches back to $59k and it's true that it's not going to be easy and might take a while. Either way, this is a good sign that we're seeing and we can only wish that it won't be back under $50k but if it does, for sure that many of those that have missed that price will start panicking to buy it.