Ethereum's market dominance has dropped to just 7.4%, approaching levels seen in 2020. In 2021, 1 ETH was equivalent to 0.08 BTC, while in 2023, 1 ETH equaled 111 SOL.
Today, 1 ETH is worth 0.018 BTC and 11.5 SOL, representing a 4-fold decrease in BTC and a 10-fold decrease in SOL compared to previous levels.
Bitcoin Price = $3.216 trillion / 19.5 million = $164,615
Bitcoinās Price Range:
Based on these calculations, if the crypto market cap reaches $4.6 trillion to $4.8 trillion and BTC Dominance rises to 66.30% - 67%, Bitcoinās price could range from $156,410 to $164,615.
This is a calculated outlook based on current trends and market conditions. $BTC
OPINION: CryptoQuant CEO Ki Young Ju says Bitcoinās recent rebound challenges cycle theories, adding that if BTC hits a new ATH before Q4, heās ready to abandon the cyclical model entirely. $BTC
#BinanceAlphaAlert "Bitcoin's resurgence is sparking renewed optimism among investors. With its potential for high returns and growing adoption, the cryptocurrency is making a strong case for a bullish outlook. Will it reach new heights?"