ðĨ Bitcoin Dominance Rising: Watch Your Alts! ðĻ
Last month I made an analysis on the BTC dominance (BTC.D) where I discussed an incredibly bullish pattern. The falling wedge played out as expected and the previous resistance is now retested as support.
In my view, the BTC.D will continue to rise for the next months. I'm looking at a value somewhere between 55%-60%, potentially higher if we get a big crash.
While BTC.D goes up, most alts will lose value against BTC. Yes, some alts will perform better, but those are outliers.
In the long-term, this will make alts relatively cheap, and a better long-term investment. However, we're not there yet
Do you think that BTC.D will rise in the near future? Which alts do you think will outperform? Share your thoughts in the comments ð
In my view, the BTC.D will continue to rise for the next months. I'm looking at a value somewhere between 55%-60%, potentially higher if we get a big crash.
While BTC.D goes up, most alts will lose value against BTC. Yes, some alts will perform better, but those are outliers.
In the long-term, this will make alts relatively cheap, and a better long-term investment. However, we're not there yet
Do you think that BTC.D will rise in the near future? Which alts do you think will outperform? Share your thoughts in the comments ð
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