analysing the ascending wedge of BTC dominance, I estimate the All time low BTC dominance to reach 31%
Since most estimates puts BTC around 120k by the end of this bull run that would place BTC market cap at 2.25 Trillion
And the Total Market cap at 7.5 Trillion
Just playing with numbers :)
So don't get scared off by this correction, we might revisit 38k. We are still going up after that ISA
P.S. Lookout for QNT, its turn is next
Since most estimates puts BTC around 120k by the end of this bull run that would place BTC market cap at 2.25 Trillion
And the Total Market cap at 7.5 Trillion
Just playing with numbers :)
So don't get scared off by this correction, we might revisit 38k. We are still going up after that ISA
P.S. Lookout for QNT, its turn is next
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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.