altcoinb

Bitcoin's market dominance going into next bull spike

Long
altcoinb Updated   
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Bitcoin's market dominance going into next bull spike price pf $250,000 or greater. Bitcoin dominance is already lagging and clearly the altcoins are slowly gaining dominance into this next bull run. I am using past Bitcoin dominance history as a probable scenario in the future here. Clearly you can see that Bitcoin topped out at the golden pocket fib zone and from there has been on a downward trend. could Bitcoin's dominance come back up after the halving yes and no. Yes because institutional monies could accomplish this by not investing into the altcoins and no because they will be interesting in legitimate altcoin projects along with Bitcoin. Personally I believe the Altcoins will once again gain dominance over the mother of all coins.
Comment:
I am leaning more to a 2021 possible run on btc because of the 4-year cycle we have on Bitcoin. What I mean is that the Bitcoin halving has a 4-year cycle event that does affect the price values on many of the altcoins in this market. For example, 2013 was my first Bull run ever experienced and then 2014-2016 we had three years of a bear market followed by 2017 the Bull run. Likewise, 2018-2020 marks the next 3-year bear cycle with 2021 being the Bull run. I thought 2022 was going to be the next Bull but now I am more in agreement with 2021 along with other factors as Pantera Capital (plus other respected TA individuals) and the Stock to flow chart by Planb suggests.

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