Bitcoin Dominance

[anushkasachith888]

60% dominance will be super. But I like to see at least 50% first this time. Now more and more altcoins come to the market. So I don't know whether Bitcoin can reach 60% dominance sooner. But I hope so.

[1715504378]

1715504378

[Ekenegbu123]

I think every bull run would have its own style. Bitcoin dominated during the last bull run and some altcoins bleeded and some skyrocketed more than bitcoin itself. No one can ascertain what the next bull run would look like but for sure, bitcoin dominance would always be there

[GeckoTrader]

BTC is currently stable at the $8,140 level and has quickly recovered after slipping through the $8,100 support. Price touched the upper extremity of the lowest zone in this sideways trend, but the bulls swiftly fought back, and the price has snapped back up and is now sitting within the previous support zone.

We can see from the volume profile that buy volume stepped in to match the sell volume indicating that the struggle will continue. Something to note is that we are witnessing lower highs and lower lows forming indicating a slow downward climb.
. BTC

[herurist]

As we have seen in previous bull run, Bitcoin dominance peaked at 66% on 8th then alts started to pickup then BTC price reversed on 17th. What is your perception on the next bull run how high do you think the BTC dominance will reach this time?
Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run?

Would love to see your input on those.

BTC will dominated cryto market as always, others only followers. New coins can't take bitcoin position because all coins came from bitcoin and bitcoin already have long history in crypto market. Besides that bitcoin always get higher supply and demand than others. Up or down bitcoin will lead all coin, follow it and leave market when take profit/ stop loss reached.

[noormcs5]

As we have seen in previous bull run, Bitcoin dominance peaked at 66% on 8th then alts started to pickup then BTC price reversed on 17th. What is your perception on the next bull run how high do you think the BTC dominance will reach this time?
Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run?

Would love to see your input on those.

Actually the scenario is little different right now. Bitcoin Dominance is almost 47 percent with market cap just under 300 Billion. This means people are moving money in bitcoins by selling their alts and new money is not being floated in the market with full flow.

[bogacola]

I think, bitcoin will most likely gain dominance up to 70% or more and moon.

[katri]

Bitcoin dominance this year would still be the same! Most of the Alts will depend on the bitcoin movement. My personal prediction this year would be lesser compared to previous year. I think the 15k support at the top is more realistic and 5.5k at the bottom. Lets just all wait and see when time unfold for all cryptocurrency.

[lulu28]

It is becoming really difficult to believe that this is the much awaited bull run. This is not the first time we are experiencing price appreciation. So the market is still filled with so much uncertainties.

[btc_angela]

It is becoming really difficult to believe that this is the much awaited bull run. This is not the first time we are experiencing price appreciation. So the market is still filled with so much uncertainties.

As traders, you really need to take advantage of every situation, whether bullish or bearish, just like we are right now, bitcoin suddenly went on a sort of break out run, and I hope everyone had just when the price is $6800 and its easy profit if you are willing sell at the current price of $7K or wait till it increase more at $7K++.

[Hamstead]

Even though market falls but still bitcoin will win the race among others. The entire market still depending on bitcoin's trend, everything will goes down once bitcoin will go down also. Since we are in decentralized market,  there is no way we can do to change that.