Although Bitcoin is restricted in Asia, the latest report shows that Bitcoin's dominance has been growing since May. The rising momentum of Bitcoin weakened as it approached the next important resistance, $6,700, and remained at $6,450.
About 1,500 bitcoins were issued on the market. However, the dominant position of Bitcoin is rising again. In the third major adjustment in the history of cryptocurrency, the dominant position of Bitcoin has risen from 35% in May to 42%. . Some experts believe that this momentum is caused by the fact that a large number of death tokens issued during the first virtual currency failure have left the market, and investors often continue to hold large assets such as bitcoin and Ethereum during the major bear market cycle.
In the long run, the price of Bitcoin fell below $6,883, which is the key Fibo retracement level and the 2018 low. This is a negative sign, although the next support price is $6,340 and is enhanced by charts; this is where new buyers may appear. Once liquidated, the sell-off may extend to the next key support at $6,000. The upside range is 200-DMA and is currently $6,764. Once it is broken, the recovery may be extended to 7,000 dollars in the handle