Bitcoin Dominance

November has not been great for Bitcoin. But it has been even worse for the predictions of one PlanB, a crypto analyst with a devout following. Bitcoin is trading at just over half of what it is supposed to if his predictions had been correct. This even made him acknowledge that his $98k Bitcoin prediction will probably be a “first miss”. A Dutch institutional investor turned Bitcoin maximalist is famous for his models that have, in the past, accurately predicted…

Within the previous week, the dominance of Bitcoin over the cryptocurrency market has been steady despite its decline since the beginning of 2020. The dominance needs to reduce for altcoins to secure any kind of huge momentum that does not depend on Bitcoin. According to a renowned cryptocurrency analyst, this may soon happen, noting that the cryptocurrency market is now closer than ever to seeing altseason, which allows altcoins to record huge gains. In his explanation, three major factors support this outlook, and…