Post
Topic
Board Bitcoin Discussion
Re: The reas the price of bitcoin may go bull soon
by
DarkDays
on 08/04/2021, 12:48:48 UTC
Well, to the discussion at hand, I believe the bulls are already exhausted and getting ready for retirement so that the alts rally can set in. Just check the total market cap dominance and you will see that Bitcoin has been dropping since this month. I think its dominance stands at 54% now as against around 65% or so it was a few months ago. The more the dominance diminishes the more investors are transferring cash to buying alts. So, we're likely going to see alts surge in weeks to come from now.
You're right, BTC dominance has dropped to 53.8% and it is likely this drop will continue. But I do agree that more institutional attention and subsequently investment into BTC is helping with wider-adoption. 

As for alts, they have been on a rally for quite sometime. It is true that the window of opportunity is still open but who know how long for. Despite this, I'd like to point out that the crypto industry has grown massively in the past few months and that naturally leads to more attention from regulators, governments, and for profit- organisation - so, I say we're heading in the right direction  Grin