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
.
I think if we analyse previous bull cycles we will see that when btc goes fully parabolic then the price moons insanely alongwith the marketcap and dominancy so this time also im expecting btc dominancy to grow over 80% and btc peaking over 300k before alts follow and go parabolic.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
.