🔥 BTC Dominance Rising While Banks Are Falling: Bull Narrative
The Bitcoin dominance has been rising significantly over the last few days, and that all while traditional banks are losing value or even defaulting.
I think that the current rally is partially fueled by people who have lost their trust in the traditional banking system and want to regain ownership of their funds. Banks failing could actually be long-term bullish for crypto
This is exactly why Bitcoin was made in the first place. You control where you put your Bitcoin and when or where you want to spend it. This total freedom of control is also the same reason why most governments are not supporting crypto at all.
In my view, this can likely be the start of a prolonged period of the BTC dominance rising, as it always did during bear markets.
Whether we make it all the way to the top dotted resistance remains to be seen, but I think we can expect more people putting their funds into BTC, be it for the freedom to control your own money or for speculative reasons.
Share your thoughts below🙏
I think that the current rally is partially fueled by people who have lost their trust in the traditional banking system and want to regain ownership of their funds. Banks failing could actually be long-term bullish for crypto
This is exactly why Bitcoin was made in the first place. You control where you put your Bitcoin and when or where you want to spend it. This total freedom of control is also the same reason why most governments are not supporting crypto at all.
In my view, this can likely be the start of a prolonged period of the BTC dominance rising, as it always did during bear markets.
Whether we make it all the way to the top dotted resistance remains to be seen, but I think we can expect more people putting their funds into BTC, be it for the freedom to control your own money or for speculative reasons.
Share your thoughts below🙏
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