Bitcoin dominance still above the support zone of 60%

[Nostoman]

Bitcoin dominance still above the support zone of 60% and as long as it stays above it the head & shoulder (H&S) pattern is valid. Dominance is slowly increasing and now reached at 62.4% level. Careful with your altcoin trades. If bitcoin reached 65-67% levels we see bloodbath in alt market.

[KryptoBull]

This is really bad news for altcoins and it could be a sign of the end of the altseason. If the price of BTC continues to go sideways, altcoins will receive many benefits, but the price of BTC has risen too sharply, which is good for those who want to sell BTC but will be disastrous for investors in altcoins.
The risk of a market-wide decline increases as a majority of people begin to liquidate crypto assets. I really don't want BTC to go past 60K USD now.

[Noverteno]

Bitcoin dominance still above the support zone of 60% and as long as it stays above it the head & shoulder (H&S) pattern is valid. Dominance is slowly increasing and now reached at 62.4% level. Careful with your altcoin trades. If bitcoin reached 65-67% levels we see bloodbath in alt market.

Recently, Bitcoin dominance has been at 43 percent. It is hardly to be expected that the level of dominance in him will increase significantly again. A lot of good projects appear on the market that draw off capital from bitcoin. This situation will continue. And this is good. Altcoins shouldn't depend on bitcoin all the time for price.

[TomPluz]

Well, if that can be the case, the altcoins hodler should remain hodling for a longer time if they can be thinking of making some profits soon. Maybe this is not yet the season for alts to make a big scene though there were some growth in the past weeks or so...there had never been some parabolic ones. I am then looking forward to 2022 for the possibility of an altcoin explosion.

[Azharul]

We can see that bitcoin dominance is support of 60%.But we know that gradually it will be increasing.We can see that it's still on 62.4%.I think that in the future time we also see that it will increase quickly. Because we know that bitcoin is one of the best valuable currency in the cryptocurrency market.So i trust that it's will increase in 65-67% within a short time.

[Afony]

This dominance of Bitcoin will continue for a long time regardless of competitors and new projects, bitcoin will never give up its right to be the first. Only probably with the fall of the market, this dominance will decrease.

[Senin]

Bitcoin dominance still above the support zone of 60% and as long as it stays above it the head & shoulder (H&S) pattern is valid. Dominance is slowly increasing and now reached at 62.4% level. Careful with your altcoin trades. If bitcoin reached 65-67% levels we see bloodbath in alt market.

I don't think you should worry about altcoins. They continue to grow and develop rather quickly and confidently. At the same time, this pulls capital away from Bitcoin and the level of its capitalization and price dominance continues to fall. Bitcoin dominance is now exactly 42 percent. Compared to 60 percent, which should have continued to grow, this is a disaster for Bitcoin. Most likely, this percentage will continue to fall further.

[Noverteno]

We can see that bitcoin dominance is support of 60%.But we know that gradually it will be increasing.We can see that it's still on 62.4%.I think that in the future time we also see that it will increase quickly. Because we know that bitcoin is one of the best valuable currency in the cryptocurrency market.So i trust that it's will increase in 65-67% within a short time.

I don’t know what sources you use to indicate the level of dominance of bitcoin, but the CoinMarketCap table now shows that bitcoin has 40.9 percent dominance in the market. It was in the recent past that he had 60 percent and more. Given that altcoins are now developing quite rapidly and are attracting a significant share of all investments that come into this market, I do not think that we will still be able to see the level of Bitcoin dominance above 60 percent. It seems that just the opposite, he will gradually continue to lose it until the logical end.

[gotbounty]

I think Bitcoin still dominates crypto market till today. It is a bit confusing because we don't see the signs of real altcoin season. If Bitcoin always dominates crypto market, we probably don't see a big altcoin season this year. Some people even predict that the altcoin season may take place in the next year. Not sure when it is, may be in Q1 or Q2.

[Alcor]

Bitcoin holders can only dream of the dominance of bitcoin at the level of 60 percent. The capitalization and price dominance of bitcoin is steadily declining and now the percentage of its dominance is 40.3. I think this is due to the development of altcoins, which already accept a significant part of the investments that previously went to bitcoin. The high price of bitcoin makes it harder and more risky for further investments. It has become more profitable to invest in potential altcoins in terms of the possibility of making a profit.

[bmw1]

Yes that's right but if bitcoin means a lot more then 60% support then altcoin is best for long term because if you hold for less then it may be less profitable. Moreover, it has been seen for some time that the price of Bitcoin is going to increase as before, so Bitcoin will go a long way and it is better to hold those who have held altcoin in the long run.

[Fenix]

Yes that's right but if bitcoin means a lot more then 60% support then altcoin is best for long term because if you hold for less then it may be less profitable. Moreover, it has been seen for some time that the price of Bitcoin is going to increase as before, so Bitcoin will go a long way and it is better to hold those who have held altcoin in the long run.

I do not know where you saw the dominance of Bitcoin above 60 percent, but I have been seeing it steadily decline for a long time. The percentage of his dominance lately stood at 40-41 percent for a long time. But a few days ago it was 39.8 percent, and now it is 39.4 percent. At the same time, the percentage of dominance of ethereum continues to remain relatively the same - 20.4 percent. In any case, this is evidence that the positions of altcoins are strengthening.

[Manna]

The capitalization and price dominance of bitcoin is steadily declining and now the percentage of its dominance is 40.3. I think this is due to the development of altcoins, which already accept a significant part of the investments that previously went to bitcoin. The high price of bitcoin makes it harder and more risky for further investments.