BTC Dominance to 66% (short term) Short

Market Cap BTC Dominance, %CRYPTOCAP

Description

⋅ Jul 23, 2019 3:52 PM

BTC Dominance is in a very slow decline. I expect the level to drop to 66 and from there it could drop further to 63 or make a run back to 70 or even 80.

Decision point expected around August 10th - say +/- a week

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Comments

tomazs

⋅ Jul 23, 2019 5:50 PM

Hm, I think that many people would like to see some great predict what this mean for Alts? When BTC go bearish, the same for Alts too.

jdharward

⋅ Jul 23, 2019 6:00 PM

@tomazs, Depends. If BTC Dominance drops, then by definition alts are benefiting.

BTC's price discovery is total BS though thanks to the ongoing Tether/Bitfinex fraud. :(

tomazs

⋅ Jul 23, 2019 6:06 PM

@jdharward, hm, yeah. each time many people like to make with alts some more btc but for now alts really sucks, hm, .... will see.