Bitcoin Continues to Rise and Bitcoin Dominance (BTC.D) Approaches 50%

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(Edited)

As Bitcoin continues to rise, Bitcoin Dominance (BTC.D) continues to increase. Bitcoin has increased by more than 80% since the beginning of this year and has increased by more than 45% in the last 30 days. After the long crypto winter, Bitcoin continues to recover and rise this year.

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Bitcoin is currently trading at $30255. Looking at the daily chart, Bitcoin has increased more than 80% since the beginning of this year and more than 45% in 30 days. Currently, Bitcoin (BTC) price is trying to stay above $30,000 and create price supports. If Bitcoin succeeds in this, it's rise can continue up to $ 30,600.

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Bitcoin Dominance (BTCD) is currently 48.86%. BTCD has risen more than 13% in the last 50 days. This shows that investors' confidence in Bitcoin has increased.

Most cryptocurrencies, not just Bitcoin, are currently in the green zone, which shows that buyers in the crypto market have managed to seize the initiative. In addition, the crypto market cap continues to increase. According to coinmarketcap data, the crypto market cap is currently $1.24 trillion.

After the long crypto winter, Bitcoin's bullish streak since the beginning of this year is admirable. It has been nearly 100 days since the beginning of the year and Bitcoin is looking to continue its uptrend and if buyers continue to hold the initiative, Bitcoin could move higher. I believe Bitcoin will hit a new ATH before April 2024 so I remain bullish. So what do you think about the Bitcoin price?

This is not investment advice, just my personal opinions. No one knows which direction prices can't go in the crypto market.

Posted Using LeoFinance Beta



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