The crypto market has been on a wild ride lately, with Bitcoin (BTC) leading the charge. The current rally is showing real resemblance to the 2019 mini-bull as once again BTC dominance goes up while alts bleed.
The current rally has been driven by a combination of factors, including institutional investors entering the market, increased demand from retail investors, and a general sense of optimism about the future of the crypto space. As a result, BTC has seen its market dominance rise to over 65%, while altcoins have been left behind.
This is a familiar pattern for crypto traders, as it was seen during the 2019 mini-bull run. During that time, BTC dominance rose to over 70%, while altcoins were left in the dust. This time around, however, the altcoin market is much more mature and there are a number of projects that have seen significant gains.
The current rally is also being driven by a number of positive developments in the crypto space, such as the launch of Ethereum 2.0, the increasing adoption of DeFi protocols, and the increasing number of institutional investors entering the market. All of these factors are helping to drive the current rally and are likely to continue to do so in the future.
It remains to be seen how long the current rally will last, but it is clear that the crypto market is in a much better position than it was during the 2019 mini-bull run. With more institutional investors entering the market, increased demand from retail investors, and a number of positive developments in the space, the current rally is likely to continue for some time.
For those looking to capitalize on the current rally, it is important to remember that the altcoin market is still in its infancy and there is a lot of potential for growth. As such, it is important to do your research and invest in projects that have the potential to deliver long-term returns.
We will see a rally , but not so soon . It will take time , because this time is slightly different from 2018, because of war and inflation.
Who loves to invest in BTC only?
So… Do we buy more?
Wait, we’re rallying?
I would love another 2019. Looks like the price never really dipped *too* hard after that either.
Come on man, i first read BTC and then ETH but then i got to DOGE and it turned me off already.
So I should sell my BTC and load up on Alts for a perfect “buy high sell low”?
Why do so many posts put Dogecoin alongside Bitcoin and Ethereum like they are in any way comparable?
Keep buying more you said??
Don’t forget the diminishing returns so i really doubt a 3,5X from 15k , This thesis is becoming a consensus,and it’s a sign
Bitcoin never disappoints me.
BTC is still the top dog isnt it
Similarities are rather big… especially considering that this is also a bitcoin centric rally.
* If the target is the same as was in 2019 (rally went to 0.65 fib retracement)
* This time the same fib retracement gives ~48k.
* Timewise this would be beggining of june
I did some detailed analysis in a post [here](https://www.reddit.com/r/CryptoCurrency/comments/11ws3x4/a_detailed_comparison_of_2019_and_2023_bear/) for both BTC and alts
So you’re saying my alts won’t rocket to ATH the same time as BTC or ETH 🫣 damn
This is why holding a majority of btc is the best move
It isn’t flashy and won’t hit on the next 1000x but trying to find those is just gambling and in most cases, you lose
Typical Bitcoin season. BTC dominance goes up while alts bleed.
Actually I was buying back then.
And let me tell you, although those investments lost some value over the next months, I doubled down and kept buying because I knew the halving is coming next year.
Guess what I’m doing now.
The reassemblence is big and I’ve never been more excited! In 2019 I barely had $20k in crypto. Now I’m 6 figured deep.
Can’t wait for 2025! 🔥
Love you all!!! ♥️
I thought the same watching the charts recently
Bitcoin is the clear dominant, and will continue to be so until one day (if ever) Ethereum takes its place. There is no doubt that there will be no other coin that can achieve it, and if Ethereum never does, Bitcoin will be number 1 forever.
Doesnt matter i dca some more
Excellent observation. I haven’t tried applying traditional technical analysis to bitcoin. I wonder how accurate fibinocci projections would be?
Maybe in the charts, but the economic context is completely different. 2019 was the best year a lot of people under 40 ever had, especially small business owners. Now these are the worst economic times most people too young to remember 2008 have ever seen.
Unless this is somehow the bottom of the economic downturn I wouldn’t expect this run to hold as long as that one in 2019 did… and for that to be the case we’d need some kind of end of Return of the King status miracle.
Past results don’t predict future outcomes
I love charts.
Yea I’ve noticed the BTC dominance grow in the last couple of weeks. Money does normally move down from BTC to Alts to micro/meme. Hopefully we will be see nice gains across the board by EOY
I came here to ask what i see a lot of other people have asked: If BTC dominance is on the rise, will the trend reverse soon and flow into ALT coins?