The recent sell-off wasn’t unexpected. A correction was due after months of strong growth.
But it’s far from clear if it’s over. Our regular questions to Hybrid Intelligence might help.
“Bitcoin crypto market share settled at 61.88% at 01:20 PM UTC on Wednesday, February 24. Will Bitcoin's market share climb above 63.12% (+2%) earlier than drop below 60.64% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 54%
This means that Hybrid Intelligence is uncertain about BTC dominance. It’s basically 50/50 for Bitcoin either way and both levels are quite significant, so a move in either direction could set a trend.
We’ve also asked about the overall crypto market.
“The cryptocurrency Market Capitalization settled at 1492.3B USD at 01:20 PM UTC on Wednesday, February 24. Will the Market cap climb above 1604.2B USD (+7.5%) earlier than drop below 1380.4B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 74%
Hybrid Intelligence is mildly optimistic about the quick rebound. There is a higher probability that the overall market might rebound, leading with other assets beyond Bitcoin.
But it’s far from clear if it’s over. Our regular questions to Hybrid Intelligence might help.
“Bitcoin crypto market share settled at 61.88% at 01:20 PM UTC on Wednesday, February 24. Will Bitcoin's market share climb above 63.12% (+2%) earlier than drop below 60.64% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 54%
This means that Hybrid Intelligence is uncertain about BTC dominance. It’s basically 50/50 for Bitcoin either way and both levels are quite significant, so a move in either direction could set a trend.
We’ve also asked about the overall crypto market.
“The cryptocurrency Market Capitalization settled at 1492.3B USD at 01:20 PM UTC on Wednesday, February 24. Will the Market cap climb above 1604.2B USD (+7.5%) earlier than drop below 1380.4B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 74%
Hybrid Intelligence is mildly optimistic about the quick rebound. There is a higher probability that the overall market might rebound, leading with other assets beyond Bitcoin.