Following the 4-hour downward trend of Bitcoin, the Dominance index is also in an upward direction. There is a possibility of reaching 41% again. Of course, the overall trend of Bitcoin dominance is going down, so this move will be temporary. also, there is a positive divergence in RSI and Bitcoin so that's an important factor too. Looking at the Dominance index in the coming week will be very useful to identify the market trend.
Please share ideas and leave a comment, let me know what's your idea. CrazyS
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