Re: BTC Dominance increases again and what happened to altcoin?
today we see BTC Dominance increase to 61.9% and this gives us two possibilities, that is :
1. we will see the price of BTC will make its new ATH price and after the price of BTC makes a new ATH price, then there will be an altseason (bull run for altcoin)
2. after the bull run in Bitcoin (Bitcoin price increased very high and created a new ATH price), then what happens next is the market experiences a bear run (the price of altcoin goes down)
then what do you think will happen? and if I personally hope point 1 will happen
.
You don't need to wonder if Altcoins will rise as Bitcoin also rising. For the fact that they are in the crypto world, this is likely to happen, they are working together. 1. we will see the price of BTC will make its new ATH price and after the price of BTC makes a new ATH price, then there will be an altseason (bull run for altcoin)
2. after the bull run in Bitcoin (Bitcoin price increased very high and created a new ATH price), then what happens next is the market experiences a bear run (the price of altcoin goes down)
then what do you think will happen? and if I personally hope point 1 will happen
.We are more positive that Bitcoin will be hitting $50,000. And so much hopeful as well that altcoins will follow the path and making another great history.