Today I bring you more than an analysis something to think about.
Let's see
In previous post halving cycles of Bitcoin the following happened:
- A strong retracement in the price of Bitcoin increased dominance, Alcoins or satoshis fall in price
- A sharp rise in the price of Bitcoin made the dominance rise, Alcoins or satoshis fall in price.
The best thing for Alcoins was that the price of Bitcoin rises or falls in a range, which allows Alcoins to recover previous values in satoshis.
Hive and Leofinance family needs your support, give the post a like, if you appreciate the content, help with your vote and you will also be helped by the hive family, thanks
Let's get started
Year 2021
Bitcoin rises to $ 60,000
Since the halving we saw that the price of Bitcoin has increased to 60,000. But Alcoins have increased more. We see this reflected in the graph in the decline in the dominance of Bitcoin since 2021
Bitcoin falls back to $ 30,000
In this post halving cycle of Bitcoin we saw a strong retracement of Bitcoin from $ 60,000 to $ 30,000. Alcoin prices fell but not so much.
As we see in the graph, in the first 35 days of the correction, dominance continued to decline.
Does not follow patterns of other cycles, in the face of a strong decline in Bitcoin, dominance does not rise
Bitcoin goes up to $ 50,000.
At the beginning of the Rise, dominance rises. But in a few weeks they rearranged their prices for Alcoins, pushing back dominance.
Does not follow patterns of other cycles, in the face of a strong increase in Bitcoin, dominance does not increase
Now one can tell me that the values of Alcoins are still low and that is why they continue to appreciate more with each rise in Bitcoin or decline and that is why the dominance continues to fall. But really at these values of Alcoins, think about it, are you still thinking about it?
But taking into account all the unsolved problems that many Alcoins have.
To think
In the coming months we can see sharp rises in Bitcoin, will it drive up dominance?
Or the financial speculation on the rise of the Alcoins, will maintain dominance at current values?
If it repeats previous cycles, dominance should go up, but so far, in 2021, dominance has moved in a lateral range.
Reflect and tell me what you think.
Remember to give your post a vote, Always support good content. Thanks
Follow me it costs you nothing and you get a Healing Reward with Your Vote
Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
We will continue monitoring
To be attentive
Protect your Investments
Feel free to use and share my post or graphics, but please mention, @criptoar as the author. Otherwise, consider plagiarism and I will call you and advise my friends to do the same.
READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.
For your vote or comment, thank you
Leofinance
Posted Using LeoFinance Beta