Bitcoin Dominance (60% Target Closing In) LIVE SHOW
Published: 2024-10-28
Status:
Analyzed
Published: 2024-10-28
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Bitcoin dominance is more likely to exceed 60% than to stop short of it.
"it's more likely for Bitcoin dominance to overshoot 60 than to not make it there right it's more likely that it would overshoot than not actually make it to the 60% Milestone"
Pending
Bitcoin dominance is predicted to reach 60% relatively soon.
"I do think it will [reach 60%] um and I I think it will make it there relatively soon"
Pending
Bitcoin dominance is predicted to decrease in 2025 due to the arrival of looser monetary policy.
"the reason why dominance will likely go down in 2025 is because once looser monetary policy arrives"
Pending
Bitcoin dominance is most likely to top in Q4 2024, or by the second week of January 2025 at the latest.
"my instinct on this says that dominance is going to top either in either this quarter or the second half of Jan or the the second week of January at the absolute latest but I don't really I think this quarter is the most likely answer second week of January absolute latest I think it could top"
Pending
If Bitcoin breaks out, altcoins are predicted to enter their final capitulation phase against Bitcoin.
"if Bitcoin breaks out here... a lot of alts are going to then get into their final Bitcoin capitulation right they'll they'll capitulate to the low against Bitcoin is my guess if Bitcoin breaks out"
Pending
Bitcoin dominance is expected to surge above 60% regardless of whether Bitcoin's price breaks out or is rejected.
"whether there is a breakout or a rejection Bitcoin dominance should surge above 60% right it should at least hit 60"
Pending
The altcoin market is currently entering its final capitulation phase against Bitcoin.
"I do think that the altcoin market is essentially going going into the final capitulation against Bitcoin right"
Pending
Bitcoin dominance (excluding stablecoins) is expected to tag the 65.7% trend line, potentially overshoot, and then decline in 2025.
"I'm just saying that if it if it tags this trend line one final time then it could get it to that final Milestone right that final Milestone so I'm thinking something like this where it goes up tags it maybe it even overshoots it a little bit but then kind of consolidates and then starts to go back down in 2025 that is is what my base case is right now"
Pending
Bitcoin dominance is predicted to reach 60% when its monthly Relative Strength Index (RSI) reaches approximately 70.
"What if it tops at a monthly RSI around 70 right so right now it's at 68 and a half so just give it another point or so and then it's at 70% % or sorry then it's at 70 a monthly RSI of 70 which then puts Bitcoin dominance at 60%"
Pending
If Bitcoin dominance drops to the bull market support band in January 2025, altcoins are predicted to start outperforming Bitcoin later in 2025.
"if in January 2025 you have Bitcoin dominance dropping to the bull Mark s bend it would probably correspond to that hitting the the RSI hitting the trend line and then maybe later on in 2025 the weekly RSI comes back down here right and that's where you finally see altcoins start to up for Bitcoin"
Pending
Bitcoin's two most likely price paths are an immediate breakout or one more selloff followed by a breakout.
"the two most likely outcomes that I see for Bitcoin are either it breaks out now or there's one more selloff and then it breaks out"
Pending
If Bitcoin fails to durably break and hold above $70,000, particularly in early November, it is likely to fall to approximately $42,000 (the 100-week moving average).
"if it cannot durably break through if it cannot durably break through 70k and then it starts falling in early November... then I I I think you um the most likely outcom is just to come back down here"
Pending
A substantial increase in market volatility (either upward or downward) is predicted when Bitcoin dominance reaches 60%.
"I think that when dominance hits 60% there's going to be a huge move in the market a huge move either up or down"
Pending
The US Dollar Index (DXY) is expected to consolidate for 1-2 weeks, then continue rising for a few more weeks, potentially topping by the end of 2024 or early 2025.
"I wouldn't be that surprised if the dollar stalls out for at least a week or two before continuing higher... I do think the dollar will continue to go up uh for at least a few more weeks potentially topping by the end of this year or early next year"
Pending
The upcoming US election result is not expected to significantly impact Bitcoin's price.
"I don't really think that the election result will will have a huge impact on bitcoin"
Pending
The ETH/BTC ratio is predicted to reach the 0.03 to 0.04 range, based on historical risk metric analysis.
"that's why I keep thinking eth is going to go to the .3 to .4 wristband"
Pending
Ethereum is predicted to experience a significant price drop ('go home') before reaching new all-time highs.
"my base case for ethereum ... is that eth goes home before it goes to New all-time highs"
Pending
The ETH/BTC ratio is predicted to bottom soon and then begin an upward trend in 2025.
"my guess is it bottom somewhere in here you know and then starts going up in 2025"
Pending
If altcoins capitulate against Bitcoin, they are predicted to reach their lows relatively quickly.
"if altcoins do capitulate against Bitcoin they could get down here relatively quickly"
Pending