According to a recent analysis by Benjamin Cowen, founder of IntoTheCryptoverse, Bitcoin (BTC) is predicted to continue outperforming altcoins throughout 2022. By tracking Bitcoin dominance, the proportion of BTC market capitalization to the total cryptocurrency market capitalization, Cowen predicts a rise to 60% by the 4th quarter of the year. Currently, Bitcoin faces strong resistance at the range of $63,000 - $64,000, where the 200-day moving average is located. Should this range be broken, it is likely that Bitcoin will reach a new high.

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