BTC Dominance - Will we go to 80%?

In November we were wondering if this bull market will be a BTC season. With the apex breaking up, it was sealed and we quickly pushed to 70% while all alts were left idling in awe. Always have a position in BTC, diversify and don't ignore THE market leader - BTC.

This bull cycle started with BTC and is continuing to be a BTC bull run. This is quite in contrast to the past cycle from 2017. Question is, when or if alts will recover their lost market share? With XRP dropping 60% in two days, any hope for an alt season was postponed.

The only alt that showed good momentum in this BTC run was none other than its little brother... LTC... sort of obvious in high sight.

What is likely to happen is that BTC will continue uninterrupted to gain market dominance, with a potential target at 80-90%. One would expect BTC to show some signs of weakness as we go up, yet, BTC only strengthens and becomes more aggressive in its price action with each broken resistance. The last time BTC RSI on weekly was over 90 is back in 2013. We may be due for some relief at some point, but RSI and most indicators become misleading in such market conditions.

OK - so where are we now? We are at a key resistance level. 72%. We may have some choppy price action here, but once we pass this level, BTC will not hesitate to pump to 80%. There is really nothing stopping BTC from pumping higher, except BTC deciding to take a break. Alts have absolutely no reason at this time to pump because confidence in alts was shaken due to XRP lawsuit. If XRP can be a target by SEC, others alts can follow... while confidence in BTC only grows = no pre-mine, no ICO, no airdrops, no CEOs appearing on TV like Ripple... BTC is in a class of it's own and the price action shows it.