BITCOIN: Is a MASSIVE BULL RUN in the Making?

11 Haz

This chart tracks Bitcoin's market dominance, starting from 2018. I've spotted some similarities to the current market situation, hinting a potential massive bull run for BTCUSD.

• Accumulation Phase (2018-2019): Investors were gradually accumulating Bitcoin, setting the stage for future gains.
  
• Bullish Phase (2019-2021): Bitcoin's market dominance increased sharply, indicating strong investor confidence and interest.
  
• Bearish Phase (2021-2023): Bitcoin's dominance declined as other cryptocurrencies gained market share, reflecting a broader interest in the crypto market.
  
• Current Bullish Phase (2023-Present): Bitcoin dominance is rising again, suggesting renewed investor confidence and the potential for a massive bull run.
  
• We are currently at 55.53% dominance, with projections showing the possibility of reaching new all-time highs above 70%.
  

What are your thoughts on this? Feel free to comment and boost this idea if you agree.

Cheers,
Ares