Post
Topic
Board Speculation
Re: Bitcoin dominance
by
exstasie
on 22/04/2018, 20:02:48 UTC
Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?

On the longest time frames (like 1-month), it's impossible right now to distinguish between a new bull run and a trap within a larger bear market. I think Masterluc has expressed similar uncertainty. BTC/USD and ALT/BTC charts have all been in a downtrend for a while. No matter what, a major bounce should have been expected.

Based on feeling alone, I think it's too early to expect a new bull run. We never had the long term "boring period" that usually precedes bull markets. But we've just got to wait and see.