Today's topic is very special for every crypto user and every crypto holder as I share my six to eight years of experience here and the way we see Bitcoin's dominance continously is going up.
And not taking the name of the down one, due to which all the other altcoins that are there are seeing us going down and if this trend continues like this for some more time, the altcoin that is very It will come down more every time if we remember the previous bull market of 2021.
Then the dominance of Bitcoin took back from 70 and it came back to 40 when all the money that was there was reversed. I remember when Coins came in and every coin pumped from 100 percent to 1000 percent because I was still active in the market.
The way we are seeing now that its dominance has made a breakout and prices go up whenever such things happen within the market, so from here we can say that if Bitcoin is he closes his candles above 28500 for a day or two so no one can stop his dominance because at that time the world is trusting only one thing and that is Bitcoin and then we can say we may see his dominance go up to 70 once again.
Every crypto user knows that you will never get a big profit so easily unless you sell your crypto inside the market and start saying that the market can never go up. It's not going to take the market up.
When people's sentiments become that it can never go up again, the market is over, then we'll see the market take this time to $100,000.
And if in a certain sonario we see his dominance starting down here, could we see an altcoin season, I'd say here that if his dominance wasn't what it was, he wouldn't have broken out here. And if it stayed where it was before, we could say here that within a short period of time we could have seen the altcoins going up, but that didn't happen at all and it went up and it's still going up.
The way we are all altcoins holders and we just want bitcoin dominance to go down to 40 and see a good season where we can make 100 percent to 500 percent profit on our holdings. But I don't see any such scene happening now.
Now let's see where her dominance starts back ago and we also know that the dominance she has now is more than a year. Dominance has hovered around the same place for a whole year but now it has gone up so it means people are putting their money into Bitcoin only.
I have just calculated its dominance and it looks to me like 60 because the speech happened a while ago and it has no effect on the market until then we can't say that the market is down. will start to market this thing as long as Bitcoin is standing above 28 thousand Until then we can say that it will once again see us go to $30k within the next few days.
And now we will talk about this coin, will it happen again this time as many coins like this, the way they gave millions and ice profits to people earlier, can it be seen this time too?.
I would like to say here that this is exactly what can happen and we can see a good rise in their prices in the near future as soon as the market enters the open, people will open money into them. And then their prices can go up a lot, so we know that Elon Musk is taking entry into coins like this.
At present, all the popular coins like this have very low prices in the market, so it is better for all of us to put some money in them and forget about them for a while. Better profits can be made. Every time people become millionaires and become millionaires, we all should,
If we have even $100 lying around, find five different coins like this and put them in them. If it is put and then we wait for a long time then we will definitely earn profit and we will definitely be able to fulfill all our wishes.
At first I didn't believe in such coins at all and I also thought that money should not be wasted but the way we have seen it in the last bull market the way the doge is has made people a lot. High profits have been given and this time also it will happen as soon as all the ETFs are approved here and Bitcoin will stop at one place then people will start pouring all the money into altcoins.
And the most asked and asked question of people is when will the binance go or not at all so I have a long experience with this exchange and I know a lot about its owner. of study and trying to learn a lot of things so I have been saying this for a long time now that it will not go anywhere at all.
These YouTubers and these influencers get paid to spread misinformation in the market, so that's how they do their job and scare people, and when people get scared, they're their queens. When we start selling inside the market, which we call the Fed,
We see the prices going down, but the owner of this exchange is smart and he is running it properly, so in the last seven years it has we have seen prices ranging from 10 cents to 300-some dollars to as much as 600 dollars, and it is simply beyond the reach of the common man.
Here if we talk about Bitcoin ATF, there are more than 10 companies that have applied and the biggest company is Blackrock and as soon as it gets an approval, they will immediately get all the others. will also have to be approved and then we will see the market going to 40 thousand to 50 thousand dollars.
Here I would like to say that if these approvals start happening, we will see a lot of good things happening in the market, but this particular thing will only be for Bitcoin because at the moment people are only interested in it. And when it settles down, then we'll see people start putting money into the underlying altcoins.
Read my latest blogs.
