For the third day in a row, the speeding freight train that is Bitcoin has broken through resistance and pushed even higher. The surge has eaten into the altcoin markets so much that BTC dominance is at its highest level since it went parabolic in December 2017.<\/p>\n
Bitcoin traded at just south of $13,000 a couple of hours ago during the Asian morning session. The move marks again of 13 percent on the day and another new 2019 high<\/a> as the BTC train shows no sign of slowing down. Bitcoin held on to gains above $11k for most of yesterday and broke through resistance, which was not very heavy, at $11,500 a few hours ago before powering all the way up to $12,950.<\/p>\n Daily volume has cranked up to $30 billion as market cap increases even further above $220 billion. The next hurdle appears to be around the $14k level but once that is broken there isn\u2019t much in the way of a surge back to all-time high and beyond<\/a>. Analyst Josh Rager has called $14,200 the final gate before a massive surge to new highs. He confidently added<\/a>;<\/p>\n \u201cAfter price passes $14,200 there isn’t a lot standing in the way to new all-time highs. I’m not going to try to stand in front of a moving train,\u201d<\/p><\/blockquote>\n Bitcoin\u2019s share of the market is now above 64 percent, according to Tradingview.com<\/a>, its highest since December 2017 when BTC hit $20k.<\/p>\n Bitcoin is simply eating them alive and some are already jumping ship which will only worsen the situation. Full time crypto trader \u2018Anondran\u2019 wants out;<\/p>\n \u201cCan’t take this anymore. Bitcoin is decimating my Altcoin bags. Selling all my Alts to BTC before they drop another 50%….\u201d<\/p><\/blockquote>\n Can't take this anymore. Bitcoin is decimating my Altcoin bags.<\/p>\n Selling all my Alts to BTC before they drop another 50%….<\/p>\n — Anondran (@AnondranCrypto) June 25, 2019<\/a><\/p><\/blockquote>\nAltcoins Decimated But Don\u2019t Fret<\/h2>\n
\n