{"id":138862,"date":"2024-10-08T11:30:41","date_gmt":"2024-10-08T08:30:41","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138862"},"modified":"2024-10-07T18:19:32","modified_gmt":"2024-10-07T15:19:32","slug":"bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels\/","title":{"rendered":"Bitcoin Set to Maintain Dominance as Analyst Predicts Key Resistance Levels"},"content":{"rendered":"
Renowned analyst Benjamin Cowen stated<\/a><\/strong> that Bitcoin (BTC)<\/a> <\/strong>is poised to maintain its dominance over altcoins in the near term. He analyzed the performance of Ethereum (ETH)<\/a><\/strong> against Bitcoin (ETH\/BTC), which serves as a measure of altcoin strength.<\/p>\n Cowen noted that ETH\/BTC appears to be nearing a bottom, but he predicts that Bitcoin Dominance (BTC.D) will continue to rise, potentially reaching 60%. He anticipates that many altcoins will experience significant declines against Bitcoin before this dominance peaks.<\/p>\n He mentioned that he anticipates Bitcoin’s dominance will reach 60% in the fourth quarter, suggesting that altcoin pairs against Bitcoin are likely to decline (currently, BTC.D is around 58%.)<\/p>\n