Bitcoin Will Outlast, All Other Crypto Assets As BTC Dominance, Breaks 50%, says trader Peter Brandt

Renowned trader Peter Brandt, known for his accurate prediction of the 2017 Bitcoin collapse, remains steadfast in his belief that the cryptocurrency king will surpass all other digital assets. In a recent update to his 696,000 Twitter followers, Brandt expressed his continued interest in the Bitcoin dominance chart (BTC.D), which measures the proportion of crypto market capitalization attributed to BTC.

With his proven track record, Brandt’s confidence in Bitcoin’s potential for outperformance carries weight. Market enthusiasts and investors alike closely follow him.

Significant implications for the entire cryptocurrency market, creating opportunities for both bulls and bears to capitalize on the market volatility and potential price swings.

My bias is that Bitcoin will bury all pretenders BTC. Eventually, there will be only one ‘King of the Hill,’ and it will be Bitcoin.

Brandt is revising his perspective on BTC.D as he updates his outlook, indicating a notable breakthrough in the index’s resistance range.

He recently shared a chart from a Bitcoin investor, highlighting this significant development and its potential implications for the market. This updated information may shape future discussions and analyses surrounding Bitcoin and its market dynamics.

Bitcoin BTC is the legacy coin and will outlast and out-value all of the make-believe crypto wannabes.

The current price of BTC.D is 50.06%, a level last seen in April 2021.

As DonAlt delves into the market dynamics, his analysis unveils a stunning revelation. Bitcoin and Ethereum have remarkably ascended, capturing a commanding 70% of the crypto landscape‘s overall market value. Their enduring dominance showcases these pioneering digital assets’ resolute power, captivating investors and enthusiasts alike.

The recent surge in BTC and ETH dominance has sparked a massive rally, overshadowing the plight of altcoins experiencing substantial losses. As stablecoins continue to inflate the dominance chart in their favor, the question looms:

Where will this relentless trend halt? Traders and investors anxiously await the turning point, hoping for a shift in market dynamics to breathe life back into the altcoin space and restore balance to the cryptocurrency ecosystem.

DonAlt, an influential figure in the crypto space, believes that Bitcoin is experiencing an upswing, fueled by BlackRock’s recent filing for a Bitcoin ETF. This sentiment sets Bitcoin apart from other cryptocurrencies in the market.

I think BTC gained a narrative with the recent ETF ‘developments.’

Alts don’t really have that.

If we get an up move, I’m expecting alts to massively lag.

If we get a down move, I’m expecting alts to puke harder.