VIP Market Update: $BTC Dominates ➖➖➖➖➖➖➖ BTC.D attempted to break through the level of resistance, but failed to maintain it, falling below the key level. This rejection increases the possibility of further downside, unless BTC.D can reclaim and successfully retest the resistance as support, which would be a strong bullish signal. It should be noted that the dominance of Bitcoin (BTC) usually moves inversely with the market value of other cryptocurrencies, which means that being rejected here may be beneficial to other cryptocurrencies. At the same time, breaking through and retesting the resistance level will indicate the strength of Bitcoin (BTC), but the cost may be higher for other cryptocurrencies. ➖➖➖➖➖➖➖
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VIP Market Update: $BTC Dominates
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BTC.D attempted to break through the level of resistance, but failed to maintain it, falling below the key level. This rejection increases the possibility of further downside, unless BTC.D can reclaim and successfully retest the resistance as support, which would be a strong bullish signal.
It should be noted that the dominance of Bitcoin (BTC) usually moves inversely with the market value of other cryptocurrencies, which means that being rejected here may be beneficial to other cryptocurrencies. At the same time, breaking through and retesting the resistance level will indicate the strength of Bitcoin (BTC), but the cost may be higher for other cryptocurrencies.
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