The most discussed topic in the current crypto market is â Bitcoin Dominance. Many are asking, how much higher will this dominance go?
In the last bull run, we saw Bitcoin Dominance hit above 70%. Shortly after, dominance began to decrease, and from that time onwards, all altcoins started to pump one after another. This was a major indicator â signaling the start of Altseason.
đ Will it go above 70% in this bull run as well?
Analyzing the current market trend indicates that there is a high possibility of Bitcoin Dominance going above 70% in this bull run. Some specific reasons are at play behind this:
1. Tensions from the Iran-Israel war are creating uncertainty in the global market.
2. Investors are placing greater importance on Bitcoin as a safe haven.
3. The market has not fully transitioned into Altseason yet.
â ī¸ What if dominance exceeds 70%?
If Bitcoin Dominance goes above 70% again, it could signal a heavy correction for the market. We have seen this trend in the past, where a major correction followed an increase in dominance.
đ§ What to do: Not investing right now is the wise choice.
The market is currently very sensitive.
In our opinion, now is not the right time to invest.
đ Rather, if Bitcoinâs price drops below $100K, then we can proceed with a strategic buy plan.
đ Conclusion
Currently, it is necessary to understand the market sentiment.
At this moment, the most important thing is â to be patient and wait for the right opportunity.
A bull market is coming, but there will be several traps beforehand.
Waiting for the right time is our greatest weapon.
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đ§ Conduct your own analysis, and not based on emotions â make decisions with information.
đ Stay informed, stay ahead!#BTCDOMINACE #Bullrun $BTC #alltoscan #All_Time_High
