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Fan Yang

Bitcoin Mooning; Dominance; Altcoins

Bitcoin is rallying like it's in a hurry to get to 20K before the new year.

It broke 10K just a little over a week ago, and it is now surging towards 17K on the Coinbase exchange (price is all over the place among exchanges, with some like Bitfinex around 16K). 

BTCUSD

  • The current pace might not be sustainable, but Bitcoin is still going to be strong in 2018 because the flow is still inwards to this space.
  • Price memory should make 10K a hard floor at this point, with another support around 12K.
  • This rally has been accompanied by huge introduction of market cap, increasing the market cap of crypto market 2 fold in a month from about $200B to $425B and growing with Bitcoin dominance climbing back to 65.1% after dipping below 40% in July. 

Bitcoin Regains Dominance:

full article on CoinPowr.com

  • 192 192 correctly predicted forecasts
    Max Grigoryev
    BTC went down from 17'750 (approximately 8pm yesterday) to 15'724 now, which is over 11% in less than one day
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