Market Cap BTC Dominance, %Viés de alta
ALT Season returning?!
My observations on the crypto market over the last almost 12 months:
1. BTC’s increase in PA (price action) and dominance increasing, meaning BTC PA was outpacing alts on pushes and alts were bleeding a little less on BTC pullbacks.
2. BTC dominance increasing even on pull backs, meaning BTC PA was still outpacing alts on pushes but was now bleeding much less than ALTs on pullbacks.
3. Same as phase 1 where BTC pullbacks caused slightly less drops on alts.
4. This is the phase we are currently in where BTC dominance is dropping even when BTC PA is positive, meaning ALTS are outpacing BTC when BTC makes big moves to the upside.
I'm predicting that this last phase will continue until the later part of this year. However, I'm not expecting BTC dominance to drop significantly over that time (maybe to around 50-60%. Once BTC gets within a few months of its peak during the next bull cycle (sometime between June-December 2021). I'm expecting BTC dominance to start dropping to around 35-45%.
1. BTC’s increase in PA (price action) and dominance increasing, meaning BTC PA was outpacing alts on pushes and alts were bleeding a little less on BTC pullbacks.
2. BTC dominance increasing even on pull backs, meaning BTC PA was still outpacing alts on pushes but was now bleeding much less than ALTs on pullbacks.
3. Same as phase 1 where BTC pullbacks caused slightly less drops on alts.
4. This is the phase we are currently in where BTC dominance is dropping even when BTC PA is positive, meaning ALTS are outpacing BTC when BTC makes big moves to the upside.
I'm predicting that this last phase will continue until the later part of this year. However, I'm not expecting BTC dominance to drop significantly over that time (maybe to around 50-60%. Once BTC gets within a few months of its peak during the next bull cycle (sometime between June-December 2021). I'm expecting BTC dominance to start dropping to around 35-45%.
Aviso legal
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