Analyst: Bitcoin's Market Capitalization Needs to Exceed 70% to Start a New “Cottage Season”
According to crypto analyst Rekt Capital, Bitcoin's market capitalization (BTC Dominance) needs to exceed 70% before a new cottage season can begin. Bitcoin's market capitalization has risen to 64.3 percent, before falling back to 61 percent, but the overall trend is still rising. Analysts say the cottage season is over at the end of 2024, and Bitcoin has rallied since falling below 55% last December, and is now up 6%. Historical data shows that 71 percent is a key point in bitcoin's market capitalization share, and if BTC.D is blocked at that level, the market may see a new round of cottage market
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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