How high will Bitcoin dominance go?
In the last bull run, after Bitcoin dominance hit over 70%, it started to drop — and that’s when all the altcoins began pumping. In this bull run too, there’s a strong chance that dominance might again go above 70%. On top of that, the Iran-Israel conflict is also a factor.
If dominance rises above 70% again, we might see another heavy correction in the market. For now, it's better not to invest. If the price drops below $100K, then we’ll plan to buy.
Right now, we just need to observe the market sentiment and wait for the right opportunity.$BTC #IsraelIranConflict #Market_Update #dominancebtc