Why I'm Bullish on BITCOIN but more Bullish on ALTCOINS
Altcoins have historically outpaced Bitcoin during Bull markets, while Bitcoin has held it's value better during bear markets.
H2 and H3 represent the previous and next Bitcoin halvening dates. The left Y-axis is the Bitcoin Dominance ratio which is plotted by the yellow line.
As you can see , after the previous halvening took place in 2016, Bitcoin experienced a small correction then continued on to a top of 20k. However, Bitcoin dominance decreased during the same period. This means that Bitcoin price grew, but Altcoin price grew by a much larger % than Bitcoin.
We are seeing the beginnings of a similar trend already since the beginning of the year where most alt coins have posted larger % gain than Bitcoin.
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This is my personal opinion and not financial advice.
H2 and H3 represent the previous and next Bitcoin halvening dates. The left Y-axis is the Bitcoin Dominance ratio which is plotted by the yellow line.
As you can see , after the previous halvening took place in 2016, Bitcoin experienced a small correction then continued on to a top of 20k. However, Bitcoin dominance decreased during the same period. This means that Bitcoin price grew, but Altcoin price grew by a much larger % than Bitcoin.
We are seeing the beginnings of a similar trend already since the beginning of the year where most alt coins have posted larger % gain than Bitcoin.
Please leave a thumbs up if you liked this analysis.
Follow me if you would like to see more.
This is my personal opinion and not financial advice.
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