Crypto market to rise, but don’t bet on BTC
Over the past few days the crypto market capitalization has set a new all-time high, thanks to Bitcoin’s surge.
While the market has somewhat corrected, this doesn’t look like a reversion of the bullish trend.
As usual, we’ve asked Hybrid Intelligence the following question:
“The cryptocurrency Market Capitalization settled at 1665B USD at 12:00 PM UTC on Wednesday, March 17. Will the Market cap climb above 1789.9B USD (+7.5%) earlier than drop below 1540.1B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 69%
This a bullish sign, which means that the crypto market is likely to bounce back before any deeper correction. However, the assurance is under 70%, suggesting that the signal is not very strong.
Another weekly question to Hybrid Intelligence is as follows:
“Bitcoin crypto market share settled at 61.44% at 12:00 PM UTC on Wednesday, March 17. Will Bitcoin's market share climb above 62.67% (+2%) earlier than drop below 60.21% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 16%
This indicator suggests that BTC dominance is likely to decline. So altcoins are likely to outperform Bitcoin in the near term.
While the market has somewhat corrected, this doesn’t look like a reversion of the bullish trend.
As usual, we’ve asked Hybrid Intelligence the following question:
“The cryptocurrency Market Capitalization settled at 1665B USD at 12:00 PM UTC on Wednesday, March 17. Will the Market cap climb above 1789.9B USD (+7.5%) earlier than drop below 1540.1B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 69%
This a bullish sign, which means that the crypto market is likely to bounce back before any deeper correction. However, the assurance is under 70%, suggesting that the signal is not very strong.
Another weekly question to Hybrid Intelligence is as follows:
“Bitcoin crypto market share settled at 61.44% at 12:00 PM UTC on Wednesday, March 17. Will Bitcoin's market share climb above 62.67% (+2%) earlier than drop below 60.21% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 16%
This indicator suggests that BTC dominance is likely to decline. So altcoins are likely to outperform Bitcoin in the near term.