Is Bitcoin Dominance Nearing A Cycle Top?
Do you see those huge red lines? Those are the “tops” for Bitcoin Dominance in the 4 year cycles, which came right before a MAJOR alt season.
The first red line is December, 2016. The second red line is December, 2020.
I’m not great at math, but in a few weeks it will be December 2024… I believe that is 4 years after the last dominance top… again.
Maybe alts have a bit more pain to come before dominance finally tops, Ethereum included. We will see.
Patience.
The first red line is December, 2016. The second red line is December, 2020.
I’m not great at math, but in a few weeks it will be December 2024… I believe that is 4 years after the last dominance top… again.
Maybe alts have a bit more pain to come before dominance finally tops, Ethereum included. We will see.
Patience.
scott.melker@texaswestcapital.com
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
scott.melker@texaswestcapital.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.