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Bitcoin dominance soon resume uptrend, altcoin gradually die out

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
During 2017 altcoins mania led by ETH, Bitcoin market cap dropped to 35% because speculators poured in fanatically buying altcoins or shitcoins, thereby pushing high market share of altcoin. Many of those coins disappeared in the subsequent bear market over 2018. The whole crypto market has staged a rebound since April 2019, and this time the huge upswing was led by Bitcoin , overshadowing altcoins such as COINBASE:ETHUSD COINBASE:EOSUSD .

Having bottomed out at the beginning of 2019, the market dominance of Bitcoin (%) steadily increases and the trend is very clear. More noticeable is that Bitcoin market dominance doesn't change much, providing that recently Bitcoin has suffered a significant setback of dropping from 13500 to 8000. The only reasonable explanation, which many have realized, is altcoins slump together, or even more. Bitcoin market dominance probably resumes uptrend and reaches 80% soon.



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Comments

haha, you know the moment the party is already dead and you walk into the door totally enthusiastic and trying to get the party on all over again. That's you.

Bitcoin has had his moments of shine the last couple of months. Now it's time for the alts. If you know the most common basic rule in trading, buy low, sell high, you would know that this is the time for alts, not for BTC.
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BitCoke tomdelic
@tomdelic, Thanks for your message. As an exchange, we remain neutral in regards to chart analysis and price prediction. The thread, basically, is only for education purpose. Wish you a nice day.
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tomdelic BitCoke
@BitCoke, have a wonderful day too!
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