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Bitcoin Analysis and Trading Idea :BTC dominance is currently at 54.8%


bitman007

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BTC dominance is currently at 54.8% (+0.1%). The total market cap is currently at $204.8 billion (+ $0.0 billion). The market volume of last 24h was $11.6 billion (- $1.5 billion).

The ranging time is still on! The market is ranging between 6300 and 6500 price areas. As it is weekend, we may see continuation of this ranging market for next 48h. This type of market is accumulation for next move! In this market condition that move is more likely going to be one more leg down! Over the next 48 hours, we may see test of 6600 price and maybe 6700. But in the current market conditions we do not expect to see price higher than that! 

Trade or exchange alt  coins safely with knowledge of Market Situation 

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Original Blog Source https://steemit.com/cryptocurrency/@bitman007/bitcoin-analytical-and-fundamental-btc-dominance-is-currently-at-54-8-0-1

 

Posted

Glad to see the downturn has helped return the focus on bitcoin.  I worry too many other alts have no real value proposition at all and just serve to make the whole sector look bad.

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