The Crypto Matthew Hayland analyst says that the dominance of Bitcoin market has reached its climax if the ether price continues its upward direction.
“If ETH is broken up and stays upward against BTC, there is a 99 % chance of BTC,” Hayland He said In the X Publishing on Tuesday.
“It is impossible” to dominate BTC on height if you hold the ETH style
“It is essentially impossible to push domination up if ETH continues against BTC,” Hayland added.
Bitcoin (BTCHegemony – Bitcoin’s share scale in the market – by 63.82 % at the time of publication, an increase of 9.89 % since January 1, According to To TradingView.
Over the past seven days, it has decreased by 1.85 %, which is the Ash Crypto coding dealer He said It is “money that flows to Eth & altcoins.”
The growing market dominance of Bitcoin usually indicates that investors prefer bitcoin over Altcoins, while the decline may indicate an increase in confidence in the broader Altcoin market.
At the same time, the ether (EthIt has increased by 19.87 % during the past seven days, and trades at $ 3117, According to To CoinmarketCap data. Cas ABBE code He said The basic principle is one of the most obvious formations of Taurus, “It is close to collapse.”
Bitcoin may unify the short term
The relative force of the ether against Bitcoin has increased about 10 % over the past thirty days.
The founder of Capriole Investments said Cointelegraph that he is expected to cool the Bitcoin market after its highest level of $ 122,884 on Monday, but believes that the upward trend will decline at the end of the year.
Related to: Ethereum investors accumulate in ETH amid a huge weekly increase
“I see some unification here after the big step, but in the end it is higher at the end of the year,” Edwards said.
While Bitcoin moves in TradingView index Asset signals are “Strong Selling”, many encryption analysts expect much higher the original before the end of the year.
Matt MENA, the strategic expert on coding research at Cointelegraph, told Bitcoin that Bitcoin is unlikely Enter the downward trend anytime soonWith strong essentials that support its course.
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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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