Bitcoin to continue to surpass the performance on a large scale until this happens, according to analyst Benjamin Quinn
Analyst and merchant Benjamin Quinn believe that BTC is preparing to continue to excel Altcoins.
In a new strategic session, Queen Recount Its 892,000 subscribers in YouTube subscribers that the total maximum market of Altcoins (Total3) when his pair against Bitcoin will continue in the declining direction.
Total3 is the maximum market market for all cryptocurrencies except Bitcoin and ETHEREUM (ETH).
“Now, Altcoin/bitcoin pairs are somewhat flat. I think they may spend the next few weeks decline just as they did last year …”
Quinn also says that bitcoin is likely to continue to perform performance in order to reduce American monetary policy.
“My basic condition is now the dominance of Bitcoin is that it is likely that it will rise until the quantitative tightening ends …
… I am optimistic about the domination of Bitcoin because the quantitative tightening has not ended. If the federal reserve ends the quantitative tightening at the meeting of the upcoming Federal Open Market Committee (FOMC), it is likely that my opinion will change. “
Bitcoin’s dominance is the total market value of BTC for all other encryption assets. Bitcoin’s increasing dominance indicates that Bitcoin either rises faster in relation to other encryption assets or its relatively steadfast decline compared to the rest of the digital asset market.
When the federal reserve can reduce US monetary policy, Queen says, says
“Now, I don’t know how long it will take to finish quantitative tightening, it is likely to end it this summer.”
Bitcoin is traded at $ 84,270 at the time of this report.
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