{"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":"<p>Renowned analyst Benjamin Cowen <strong><a href=\"https:\/\/youtu.be\/j5YWPBO1GhU\">stated<\/a><\/strong> that<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\"> Bitcoin (BTC)<\/a> <\/strong>is poised to maintain its dominance over altcoins in the near term. He analyzed the performance of <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum (ETH)<\/a><\/strong> against Bitcoin (ETH\/BTC), which serves as a measure of altcoin strength.<\/p>\n<p>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<p>He mentioned that he anticipates Bitcoin&#8217;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<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bahrains-national-bank-launches-pioneering-bitcoin-investment-fund\/\" title=\"Bahrain&#8217;s National Bank Launches Pioneering Bitcoin Investment Fund\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/10\/bahrain-bitcoin-1-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bahrain&#8217;s National Bank Launches Pioneering Bitcoin Investment Fund<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Cowen also highlighted the $63,000 to $64,000 range, aligning with the 200-day moving average, as a crucial resistance level that Bitcoin must overcome to initiate a meaningful rally. Unfortunately, BTC couldn&#8217;t hold the $64,000 level after a brief surge, but still remains above $63,000.<\/p>\n<p>He explained that if Bitcoin can break through the $63,000 to $64,000 range and set a higher high, it would increase the chances of ongoing growth in the fourth quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin managed to recover from the recent decline to $60,000, following Iran&#8217;s attack on Israel, and most altcoins experienced similar surges.<\/p>\n","protected":false},"author":3,"featured_media":26526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-138862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Set to Maintain Dominance as Analyst Predicts Key Resistance Levels<\/title>\n<meta name=\"description\" content=\"Bitcoin managed to recover from the recent decline to $60,000, following Iran&#039;s attack on Israel, and most altcoins experienced ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Set to Maintain Dominance as Analyst Predicts Key Resistance Levels\" \/>\n<meta property=\"og:description\" content=\"Bitcoin managed to recover from the recent decline to $60,000, following Iran&#039;s attack on Israel, and most altcoins experienced ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels\/\" \/>\n<meta property=\"og:site_name\" content=\"Cryptodnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-08T08:30:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Bitcoin-altcoins-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"990\" \/>\n\t<meta property=\"og:image:height\" content=\"557\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels\/\",\"name\":\"Bitcoin Set to Maintain Dominance as Analyst Predicts Key Resistance Levels\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Bitcoin-altcoins-1.jpg\",\"datePublished\":\"2024-10-08T08:30:41+00:00\",\"author\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\"},\"description\":\"Bitcoin managed to recover from the recent decline to $60,000, following Iran's attack on Israel, and most altcoins experienced ...\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels\/#primaryimage\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Bitcoin-altcoins-1.jpg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Bitcoin-altcoins-1.jpg\",\"width\":990,\"height\":557},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"name\":\"Cryptodnes EN\",\"description\":\"Crypto News, Bitcoin Analysis and More\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\",\"name\":\"Alexander Stefanov\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g\",\"caption\":\"Alexander Stefanov\"},\"url\":\"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin Set to Maintain Dominance as Analyst Predicts Key Resistance Levels","description":"Bitcoin managed to recover from the recent decline to $60,000, following Iran's attack on Israel, and most altcoins experienced ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptodnes.bg\/en\/bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Set to Maintain Dominance as Analyst Predicts Key Resistance Levels","og_description":"Bitcoin managed to recover from the recent decline to $60,000, following Iran's attack on Israel, and most altcoins experienced ...","og_url":"https:\/\/cryptodnes.bg\/en\/bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels\/","og_site_name":"Cryptodnes EN","article_published_time":"2024-10-08T08:30:41+00:00","og_image":[{"width":990,"height":557,"url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Bitcoin-altcoins-1.jpg","type":"image\/jpeg"}],"author":"Alexander Stefanov","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alexander Stefanov","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptodnes.bg\/en\/bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels\/","url":"https:\/\/cryptodnes.bg\/en\/bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels\/","name":"Bitcoin Set to Maintain Dominance as Analyst Predicts Key Resistance Levels","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels\/#primaryimage"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Bitcoin-altcoins-1.jpg","datePublished":"2024-10-08T08:30:41+00:00","author":{"@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5"},"description":"Bitcoin managed to recover from the recent decline to $60,000, following Iran's attack on Israel, and most altcoins experienced ...","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptodnes.bg\/en\/bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/bitcoin-set-to-maintain-dominance-as-analyst-predicts-key-resistance-levels\/#primaryimage","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Bitcoin-altcoins-1.jpg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Bitcoin-altcoins-1.jpg","width":990,"height":557},{"@type":"WebSite","@id":"https:\/\/cryptodnes.bg\/en\/#website","url":"https:\/\/cryptodnes.bg\/en\/","name":"Cryptodnes EN","description":"Crypto News, Bitcoin Analysis and More","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5","name":"Alexander Stefanov","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g","caption":"Alexander Stefanov"},"url":"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/"}]}},"modified_by":"C0323492922","_links":{"self":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/138862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/comments?post=138862"}],"version-history":[{"count":2,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/138862\/revisions"}],"predecessor-version":[{"id":138864,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/138862\/revisions\/138864"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media\/26526"}],"wp:attachment":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media?parent=138862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/categories?post=138862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/tags?post=138862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}