The crypto market has rebounded over the past few days. Weekly indicators from Hybrid Intelligence should help with identifying the trend.
Here is the usual weekly question:
“The cryptocurrency Market Capitalization settled at 1545B USD at 02:00 PM UTC on Wednesday, March 3. Will the Market cap climb above 1660.9B USD (+7.5%) earlier than drop below 1429.1B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 61%
This is a mildly bullish indicator. Hybrid Intelligence believes it’s more likely the crypto market will go higher.
To check if the growth will be across both Bitcoin and the rest of the market, we’ve asked the following question:
“Bitcoin crypto market share settled at 62.22% at 02:00 PM UTC on Wednesday, March 3. Will Bitcoin's market share climb above 63.46% (+2%) earlier than drop below 60.98% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 29%
This suggests that Hybrid Intelligence does not expect BTC dominance to rise higher. Throughout February BTC dominance stayed mostly under 63% and this resistance is unlikely to be broken now.
Together these two indicators suggest that Hybrid Intelligence is now favouring altcoins.
Here is the usual weekly question:
“The cryptocurrency Market Capitalization settled at 1545B USD at 02:00 PM UTC on Wednesday, March 3. Will the Market cap climb above 1660.9B USD (+7.5%) earlier than drop below 1429.1B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 61%
This is a mildly bullish indicator. Hybrid Intelligence believes it’s more likely the crypto market will go higher.
To check if the growth will be across both Bitcoin and the rest of the market, we’ve asked the following question:
“Bitcoin crypto market share settled at 62.22% at 02:00 PM UTC on Wednesday, March 3. Will Bitcoin's market share climb above 63.46% (+2%) earlier than drop below 60.98% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 29%
This suggests that Hybrid Intelligence does not expect BTC dominance to rise higher. Throughout February BTC dominance stayed mostly under 63% and this resistance is unlikely to be broken now.
Together these two indicators suggest that Hybrid Intelligence is now favouring altcoins.