How much higher can Bitcoin dominance go?
In the last bull run, Bitcoin dominance hit over 70%. After that, when it started to drop, all the altcoins began pumping. In this current bull run, there’s a high chance that dominance could again cross 70%. On top of that, the ongoing Iran-Israel conflict adds more uncertainty.
If dominance goes above 70% again, we could see a heavy correction in the market. So for now, it’s better not to invest. If the price drops below $100K, we’ll plan to buy then. Right now, it’s all about understanding market sentiment and patiently waiting for the right opportunity.
