Since our previous BTC analysis and over the past three days, Bitcoin pattern had gone through a triangle formation. The apex of that triangle should be decided in 1-2 days. However, a breakout to any side could signal the next short-term direction for Bitcoin. As can be seen on the following charts, Bitcoin reached down exactly to the short-term ascending-trend line support. The trend-line was forming since Bitcoin started its bullish strike from ~$7,500 to the current 2019 high at nearly $14,000. Overall, the market is still bullish, showing significant strength in 2019, and especially over the past 60 days. Aside from Bitcoin, by looking on the rising BTC dominance and the total market-cap, one could easily see that the Altcoin holders are suffering hard. This also means that during the last rise, most of it came from selling Altcoins to Bitcoin, and not from new money entering the crypto markets. Total Market Cap: $335 billion Bitcoin Market Cap: $208.5 billion BTC Dominance
