Crypto Analyst: Bitcoin (BTC) Dominance May Reach 80%, Altcoins Expected to Bleed8.6

The crypto market is at what may be its most important moment yet. Bitcoin is at weekly resistance  – and its the only thing separating Bitcoin price from reclaiming the previous all-time high of $20,000. Meanwhile, the rally has caused Bitcoin dominance to spike, and if it continues to rise in such a fashion, according to one crypto analyst it could reach an extended “5th wave” and take it to as much as 80% dominance.

The move would almost certainly decimate the altcoin market, which is already on thin ice, following a divergence in the often correlated digital assets that began back in April.

Original source
https://www.newsbtc.com/2019/07/09/crypto-analyst-bitcoin-btc-dominance-may-reach-80-altcoins-expected-to-bleed/

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