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Satonomics
Aug 16, 2021 6:55 AM

Bitcoin Dominance heading to 36% MINIMUM 

Market Cap BTC Dominance, %CRYPTOCAP

Description

But it'll be interesting to see whether the expected bullish divergence plays out or does it fail.

If it fails - We see an extravagant ALT Season
If it plays out - We first see money flowing into Bitcoin, then we see Money flowing into ALTs & BTC.D dropping to new All Time LOWs.
Comments
ClearOpenDoor
It could also play out by money flowing out of crypto, which would disproportionately affect alt coins.
Satonomics
@ClearOpenDoor, - Absolutely. Just that my bias is clear that 64k can't be a top for BTC. To my view one of many reason is that it'll make bitcoin an uninteresting risky investment compared to stocks. Also, with this pace, it'll never be able to surpass MCAP of gold. So imo, it has to go much higher this cycle. My hope is 160k
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