BTC Dominance Hits High, Altcoins Miss Action
The crypto market is ending the week on a steady note, unlike how it started when it saw massive liquidity and momentum. Now, things are cooling down. Bitcoin is holding firm, while most altcoins have slowed down.
Bitcoin Price Drops Below $107,000, But Dominance Climbs Higher
Bitcoin (BTC) retested $108,000 early today, but dropped past that hours later after rejecting off a supply zone on the 4-hour time frame. Meanwhile, the price has been consolidating between the range $108,384 and $106,390 for over three days. However, it seems the bears have taken over the market as the momentum has worn off and the price has broken structure to the downside.
Moreover, the Relative Strength Index (RSI) is currently at 31. This confirms that the…
