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.
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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