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Bitcoin dominance cycle suggests the 2017 crypto rally could repeat

CryptocurrencyMay 30, 2021 09:20PM ET
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Bitcoin dominance cycle suggests the 2017 crypto rally could repeat

For the purposes of historical comparison, it’s also worth noting that the pattern of the dominance chart currently looks much like it did during the earlier part of 2017.

As the markets have gone into meltdown since May 12, Bitcoin (BTC) dominance has fluctuated dramatically, bucking 2021’s prevailing trend. Before the sell-off started in earnest, BTC dominance had been falling pretty steadily from around 70% in January to a low of under 40% by the time the crash was underway. At that point, BTC dominance was at its lowest since the summer of 2018. It has since recovered to above 43%.

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Bitcoin dominance cycle suggests the 2017 crypto rally could repeat
 

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Comments (2)
Ioannis Lazaridis
Ioannis Lazaridis May 30, 2021 11:26PM ET
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Circle... Now I see the beginning of a new big circle dominated by Regulators . Do you have a chart for this new circle ?
Peemil Nicho
Peemil Nicho May 30, 2021 10:12PM ET
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if repeat may go down more for cryptobecause @2017-2018 they go down more than 80% such asbtc from 19xxx to 3xxxether 13xx to ~30
Peemil Nicho
Peemil Nicho May 30, 2021 10:12PM ET
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but i think this cycle may diff from past and hope end of bottom side now
 
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