Bitcoin Dominance Update

BITCOIN DOMINANCE RECOVERING AFTER REVISITING LOWEST VALUE SINCE MAY 2018

BITCOIN DOMINANCE AT LEVEL LAST SEEN 3 YEARS AGO

Last week on January 3, 2022, Bitcoin dominance had hit its lowest value since May 2018.

Bitcoin Dominance on TradingView

Looking at the chart above, we see that it created a new low since the ‘mini bear market’ we had had last July 2021 and revisited 39.4% dominance which has not been seen since 3 years ago.

However, a week later, this is how the charts look like: we’re starting to bounce hopefully.

Although, this does not guarantee anything at all. Hopefully, like how it went down months ago (July 2021) and then reverses to create a new all-time high in BTC price, that would be the case we’re looking forward to in the coming days and weeks.

Stay tuned. 😉

DISCLAIMER: THIS IS NOT FINANCIAL ADVICE.


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Elisa A.

Elisa is our Head of Market Analysis at Rocket Crypto X

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