2023 Bitcoin Dominance Run
Notes are on the chart, but generally, we are at the point in the cycle where we bottom and people start front-running the halving, with value flowing to Bitcoin first relatively and then to Alts after the halving.
Bitcoin lost less dominance in this cycle and did not make new lows.
Even if 2023 turns out to be a bad year for crypto and is counter to the general trend; i believe that Bitcoin would fair better than the alts, remember this is about share.
So history says; if cycle is as normal, people front run the halving. If it is going to be bad news, people will likely turn to BTC... particularly after the momentum collapses seen lately.
Remember do your own research - this is my observation.
filb.
Bitcoin lost less dominance in this cycle and did not make new lows.
Even if 2023 turns out to be a bad year for crypto and is counter to the general trend; i believe that Bitcoin would fair better than the alts, remember this is about share.
So history says; if cycle is as normal, people front run the halving. If it is going to be bad news, people will likely turn to BTC... particularly after the momentum collapses seen lately.
Remember do your own research - this is my observation.
filb.
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