Is Bitcoin’s Dominance About to End? Analyst Predicts Altcoin Surge!
The post Is Bitcoin’s Dominance About to End? Analyst Predicts Altcoin Surge! appeared first on Coinpedia Fintech News
Bitcoin’s market dominance has been increasing and recently hit its highest point since April 2021, reaching 57.4%. This rise happened as the overall cryptocurrency market faced a downturn. However, well-known crypto analyst EGRAG Crypto believes this upward trend might be slowing.
He thinks Bitcoin’s dominance could be close to its peak, with altcoins starting to perform better. This could mean that a new period of growth for altcoins is coming soon.
Bitcoin Surge or a Breakdown?EGRAG Crypto’s analysis is based on observing Bitcoin’s dominance chart, which shows how much of the total cryptocurrency market Bitcoin represents.
#BTC Dominance – The EPIC Fall Awaits!
If BTC dominance closes above 58% on a monthly basis, it could pave the way for a surge to at least 73%! However, the rising wedge pattern is hinting at a potential breakdown that could breathe life back into the #ALTS! 