$BTC Dom Forecast
I predict that $BTC has the potential to rise to $80k before correcting. If $BTC reaches this level, its market cap will be around $1581.6 billion. If Total 2 increases slightly to $1 trillion, $BTC Dominance could reach around 61.2%.
Reasons
- Currently, $BTC is very powerful with only 450 BTC mined per day.
- In the last 5 days, ETFs have absorbed a large amount of Bitcoin:
- 10/18: 4,000 BTC
- 10/17: 7,000 BTC
- 10/16: 6,500 BTC
- 10/15: 5,700 BTC
- 10/14: 8,300 BTC
Conclusion
- The ~60% Dom zone could be a reasonable top in this cycle, especially since $BTC is so strong.
