Bitcoin dominance and altcoin dominance battle it out, which will take the lead?
Bitcoin shows a correction fractal pattern mirroring previous bullish signs.
Altcoins too are showing highly promising patterns similar to the previous bull pump.
Presently, the crypto market is in a challenging state. The price of Bitcoin set a bullish ATH at the $108,000 price range only to drop remarkably to the $92,000 price range. In the last few days, the price of BTC has been moving in a slow sideways momentum taking the price from $93,000, $98,000, to now, $96,000.
Bitcoin Dominance Steady Fall
While many analysts debate over what will play out next in the crypto market, most expectations come from the movement of Bitcoin dominance and altcoin dominance, which one will fall to let the other dominate in the coming months. In the midst of these expectations, one analyst shares an interesting repetitive pattern.
https://twitter.com/Washigorira/status/1872283688677040540
As we can see from the post above, this analyst sees a Bitcoin corrective fractal where BTC price action is closely resembling the same pump as the last bull cycle. Only this time, it seems the pump may arrive 3 weeks ahead of schedule, meaning a significant pump may be in store for Bitcoin price.
Altcoin Dominance on the Rise
https://twitter.com/CryptoMichNL/status/1872375825913573579
Moreover, analysts share a similar bullish expectation for altcoins as well. As we can see from the post above, this analyst draws light to how altcoins seem extremely down in December 2023 and this mirrors the same low expectation for altcoins in December 2020. However, last season altcoins exploded in the following months and analysts expect the same pattern to play out this cycle as well.
The post Bitcoin Dominance vs Altcoin Dominance, What Will Play Out First for a Bullish Start to 2025? appeared first on Crypto News Land.
