Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: altcoingamer on July 20, 2018, 05:58:20 AM
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I'm sure those in alts have noticed that bitcoin dominance has slowly been rising to March levels (around 45%)...
What's interesting about these levels is right after these levels were hit in March, we went on quite an alt rally for weeks in April. Nothing is really guaranteed but it looks like we may be setting up for atleast a short alt rally if bitcoin can get over 7800 resistance and behave.
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Would love to see Bitcoin holding steady above $7200 for a month or two, would shore up the resistance point and give some confidence going into the last 4 months of the year. Could really see some sharp movements in altcoins then. The altcoin market is still so intrinsically linked to Bitcoin, sideways movement is the ideal price point. And you're right, Bitcoin's dominance keeps moving back up again. Can't wait until it breaks off and the market gets stronger as a whole.
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Yeah, that's very true. Currently, we've been all waiting for the next resistance to break. After that it'll seem the bull will be unleased.
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I haven't checked it for a long time. This may be a good sign as you say, for the next bull run. But it's more important to break the 7800 resistance point. If this happens, good days are coming.
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Yeah, I'm really excited to see what the latter half of this year has to offer trading. Hopefully I can 2-3x at a minimum $$$, we may see new all time highs from bitcoin this year.
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I think the price will increase gradually. Because after the middle of this year, there was a lot of good news about crypto and many crypto related project got success.
So, I think the bad time has gone.
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If we break 7800-7900 on BTC imo we could see a retest of 10k really quickly.
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Let's hope you're right, market looking a lot more positive today. Not unsurprisingly, there's been a bounce, but the question is whether it holds or not. If Bitcoin can hold at above the $7800 mark, we could well see a longer bull run. That should shore up confidence in the altcoin markets and potentially see rises not seen in a good few months. Here's to a positive end to 2018.
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Need to see market cap soar up to the 350-400 million dollar mark so money will quiit moving around and actually keep some of the gains and money to disperse in alts.