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Is Bitcoin About to Drain the Life Out of Altcoins? Analyst Thinks So


Olivia Stephanie
для CryptoPotato
Is Bitcoin About to Drain the Life Out of Altcoins? Analyst Thinks So

TL;DR

  • Bitcoin’s dominance climbs off key support, hinting at renewed strength into September and October.
  • Altcoins may underperform as Ethereum-led rallies show signs of topping out this quarter.
  • Analysts expect Bitcoin to regain control as liquidity exits altcoins in the coming weeks.

Bitcoin Dominance Rebounds After Trendline Support

Bitcoin’s share of the crypto market has started to rise again. The Bitcoin Dominance (BTC.D) index recently bounced off a key trendline that’s held firm since early 2023. It now sits above 58%, following weeks of decline. This rebound may signal the end of altcoins’ recent run.

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CRO’s Spectacular Rally, Recent XRP Price Predictions, and More: Bits Recap August 29

CRO’s Spectacular Rally, Recent XRP Price Predictions, and More: Bits Recap August 29

CRO, XRP, and BTC: here's everything most interesting surrounding these cryptocurrenc...
Bitcoin Price Echoes 2021 Warning as RSI Divergence Flashes Red

Bitcoin Price Echoes 2021 Warning as RSI Divergence Flashes Red

Bitcoin forms bearish RSI divergence like 2021. Price near $112K support as illiquid ...

Is Bitcoin About to Drain the Life Out of Altcoins? Analyst Thinks So


Olivia Stephanie
для CryptoPotato
Is Bitcoin About to Drain the Life Out of Altcoins? Analyst Thinks So

TL;DR

  • Bitcoin’s dominance climbs off key support, hinting at renewed strength into September and October.
  • Altcoins may underperform as Ethereum-led rallies show signs of topping out this quarter.
  • Analysts expect Bitcoin to regain control as liquidity exits altcoins in the coming weeks.

Bitcoin Dominance Rebounds After Trendline Support

Bitcoin’s share of the crypto market has started to rise again. The Bitcoin Dominance (BTC.D) index recently bounced off a key trendline that’s held firm since early 2023. It now sits above 58%, following weeks of decline. This rebound may signal the end of altcoins’ recent run.

Читать материал на CryptoPotato

Читать больше

CRO’s Spectacular Rally, Recent XRP Price Predictions, and More: Bits Recap August 29

CRO’s Spectacular Rally, Recent XRP Price Predictions, and More: Bits Recap August 29

CRO, XRP, and BTC: here's everything most interesting surrounding these cryptocurrenc...
Bitcoin Price Echoes 2021 Warning as RSI Divergence Flashes Red

Bitcoin Price Echoes 2021 Warning as RSI Divergence Flashes Red

Bitcoin forms bearish RSI divergence like 2021. Price near $112K support as illiquid ...