BTC dominance is about to be rejected from the cycle top

18 Haz

BTC Price Perspective:
As of now, the dominance of Bitcoin (BTC) in the crypto market is quite close to the cycle top at 56%. Based on previous trends and current market observations, I am anticipating this to reach around the 57-58% mark before experiencing a rejection, much like the last two cycles we've seen.

In the first cycle, BTC dominance was at its peak around 96%. Following this, it experienced a significant crash to 35% in 2017. Interestingly, it was during this period that BTC hit its all-time high price for that specific cycle.

In the subsequent cycle, a similar pattern was observed. The peak dominance for BTC was around 73%, and this was followed by a sharp fall back to 38% in 2021. This was the period when BTC reached a new all-time high.

ALT Coin Perspective:
Given these patterns and the cyclical nature of the crypto market, we expect to see a similar trend in this current cycle as well. We predict that BTC dominance will touch around 58%, before crashing back to the 40% range in 2025.

Furthermore, based on these projections and market analysis, we anticipate that BTC will hit a new all-time high in 2025. This is indeed positive news for altcoins. Historical data shows that whenever BTC dominance takes a hit, the alt season comes into play.

Therefore, with the 2025 bull run's alt season yet to start, we believe this presents a favorable opportunity to invest in altcoins.

Invest in ALTs now and HODL

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Cheers,
GreenCrypto

21 Haz

Not

Bitcoin price is crashing and while alts are crashing more, sooner or later BTC dominance will hit 58% range.

21 Haz

Not

At present, the TOTAL3, which excludes the Bitcoin and Ethereum Marketcap, is navigating through a critical phase. 'total3' has now come into contact with its short-term support level, a zone that has repeatedly demonstrated its strength and sturdiness, having successfully held up multiple times in the past.

This support zone is of paramount importance for the performance of alt-coins. In order for these alt-coins to see an uptick in their values, this support needs to prove its strength once again and hold firm. Moreover, the total market cap needs to experience a bounce back from its current position in the 600B zone. If these conditions are met, it could potentially lead to a significant price boost for the major alt-coins in the market.

However, there's always the possibility that this support fails to hold up. In such a scenario, the ensuing support is situated around the 500B mark, which is also a robust support level. Should the total market cap hit this support level, we can anticipate a bounce back. But it's crucial to note that if this support level is indeed tested, it could lead to a considerable number of alt-coins losing their value.

As of now, it remains to be seen which of these scenarios will play out. Personally, I am hoping for a rebound from the current support around the 600B mark, as it would bode well for the state of the market and the alt-coins in particular.

23 Haz

Not

A view on 1D timeframe for BTC

24 Haz

Not

Dominance is currently at 55%

9 Ağu

Not

Bitcoin dominance has climbed to 57%, but it’s still within a significant resistance zone. This area has historically been a tough barrier, and we can expect a potential rejection from this level soon. For the ongoing bull run or the start of an alt season, a rejection at this resistance is essential to maintain the balance between Bitcoin and altcoins.

I'm expecting Bitcoin dominance to face rejection within the next 1-2 weeks, which could set the stage for a broader market rally, especially for altcoins. This period will be crucial in determining the direction of the market.