COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC has historically taken a 61.8% Fib retracement and continues to follow this trend over the past year. The introduction of institutional investors has only grown the total crypto market cap from 14b a year ago to 552b today with an ATH of 643b. (Approx 4000%+ growth). BTC dominance continues to show a downward trend as it new money flows into BTC and crypto investors cash out into fiat or Alt's for newer and more profitable long term plays. I believe the price of BTC will continue to rise as it continues to receive media attention; however, I think there's more financial gain to be made in the alts where the true long term plays are being held.

Comments

Is it going to go down, than go back up?
If yes, how much down proximally??

Thanks
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Can you explain please?
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totaly agree
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