Popular cryptocurrency analyst Benjamin Cowen stated that altcoin season rumors are empty of gold and will further increase Bitcoin dominance.
Analyst Benjamin Cowen made remarkable statements about the current situation of the cryptocurrency market. found. Analysts have been watching closely in recent days Bitcoin dominance Speaking with an important inference, Cowen said that since the beginning of 2023 acting in support He pointed to a display.
Bitcoin dominance has been predicted since the beginning of 2023Bull market support bandStating that he did not make a weekly closing under “”, the analyst said that Bitcoin dominance will continue to increase and altcoins will continue to increase. will encounter inevitable disappointment hinted.
Many times this yearAltcoin season has startedHe emphasized that statements like “” were put on the market, but each time this situation faded within a few weeks. Analyst says Bitcoin dominance through 2023 He argued that he would continue:
BTC dominance has not made a weekly close below the bull market support band throughout 2023. Every “altcoin season” narrative so far this year has finally come to an end after a few weeks. Dominance will likely continue to increase throughout the rest of the year.
According to Tradingwiev data 52.49% Bitcoin dominance, positioned at the level 2021 It is finally above a band that it has not been able to reach since 2017.
