June 21 (Cointime) - Peter Brandt, a veteran trader who predicted the 2017 Bitcoin collapse, is reaffirming his belief that Bitcoin will outperform all other digital assets. Brandt previously stated that he was closely watching the Bitcoin dominance chart, which tracks the percentage of the total crypto market capitalization belonging to Bitcoin.
He now shares a chart from a Bitcoin investor showing that the index has broken through range resistance. Meanwhile, fellow analyst DonAlt believes that Bitcoin and Ethereum now account for about 70% of crypto's total market capitalization, and that altcoins will likely lag behind in the event of an upswing.