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$BTC Bitcoin's dominance continues to march higher

Bitcoin has been primarily choppy since our previous article. As a result, not much has changed in our stance, and we continue to pay close attention to the resistance at $28,000. A failure of the price to retake this level and hold above it will be bearish. Contrarily, a breakout above $28,000 will raise our suspicion. Besides that, there is one more thing we want to point out: the growing number of Bitcoin addresses with balances exceeding 1,000 BTC (which is bullish; however, the growth has not been too immense so far). We will update thoughts on the asset with the emergence of new developments.