Bitcoin Rally Most Overstretched Since 2017 Top, This Key Indicator Shows

2021-2-20 18:02

The last time this key Bitcoin indicator was this high was in late 2017

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bitcoin indicator 2017 key rally time high

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Bitcoin’s (BTC) price clocked a two-month high of $7,820 today and looks set to extend gains further, a key cryptomarket gauge indicates. CoinMarketCap’s bitcoin dominance rate, an indicator that tracks the percent of the total cryptocurrency market

To start with, a rise in the BTC dominance rate essentially means the number one cryptocurrency is more in demand compared to the alternative cryptocurrencies. The above chart shows: The BTC dominance rate has increased from 40.

2018-7-23 18:29