BITCOIN DOMINANCE CHART
1- Bitcoin dominance rate bottomed out in January 2018 at 35% dominance rate, and reversed for a new major Uptrend.
2- Since January 2018, BTC following uptrend Line on weekly Chart.
3- Bitcoin peaked at 72% dominance rate in October, 2019. Since then, it is consolidating and become range bound.
4- Bitcoin is ab't to break it's range sooner than later. Range lies in between 63% to 70 %.
5- Altcoin movement is uncertain until BTC dominance breaks on either way.
Traders and Investors should have atleast 50% bitcoins in their portfolio at this moment. If the dominance falls below 63% level, traders & Investors may convert 80% of bitcoins in Altcoins.
(Not a Financial Advice, Disclaimer on Company's official website shall apply)
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Cryptocurrency & Blockchain
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.