Bitcoin Price Forecast
Over the last week, there was a broad-based recovery in the cryptocurrency market as memories of a Chinese crackdown faded into the rearview. It was front-page Bitcoin news.
That said, let’s not pretend that the recovery is evenly spread—it isn’t.
There is a handy little metric called BTC dominance that shows us Bitcoin’s market share as a percentage of total cryptocurrency market share. In the last week, it rose steadily from 47.5% to 49.3%.
What does that mean?
It means that investors consolidated around Bitcoin..
The post Daily Bitcoin Price Forecast: BTC Dominance Rises, Sending Prices Up 15% appeared first on Profit Confidential.
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Daily Bitcoin Price Forecast: BTC Dominance Rises, Sending Prices Up 15%
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