After bottoming at 39% in September 2022, $BTC market dominance is now >53%—the highest in 30 months.
01 Nov 2023, 18:17
After bottoming at 39% in September 2022, $BTC market dominance is now >53%—the highest in 30 months! 🤯
Price is up 120% from 2022 lows, holding strong above the $32K support zone.
So, what's driving this bullish momentum? Are we witnessing the start of a new cycle? 👇
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Same news in other sources
201 Nov 2023, 18:17
Is $BTC's rising dominance history repeating itself, and will the upcoming halving event and ETF hype continue to push prices higher? 📈🤔
Let us know your thoughts... charts, theories, and biases are welcome! 👇
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Is $BTC's rising dominance history repeating itself, and will the upcoming halving event and ETF hype continue to push prices hi
Is $BTC's rising dominance history repeating itself, and will the upcoming halving event and ETF hype continue to push prices higher? 📈🤔
Let us know your thoughts... charts, theories, and biases are welcome! 👇
[9/9]
01 Nov 2023, 18:17
▶️ Historical Patterns
Historically, $BTC & $ETH gain dominance and rise in price leading up to bull markets and broader market rallies.
As profits are taken from the market leaders, capital typically trickles down from high to mid, and finally to low/micro-cap altcoins.
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Historical Patterns.
▶️ Historical Patterns
Historically, $BTC & $ETH gain dominance and rise in price leading up to bull markets and broader market rallies.
As profits are taken from the market leaders, capital typically trickles down from high to mid, and finally to low/micro-cap altcoins.
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