bullish

Bitcoin

Rise

<p>As we enter October, <a href="https://coinpedia.org/news/bitcoin-dominance-hits-58-are-we-on-the-brink-of-a-crypto-bull-run/" target="_blank" rel="noreferrer noopener">Bitcoin dominance<span style="text-decoration: underline"> </span></a>stands at an impressive 58.81%, rising from 57.69% at the start of the month. It briefly dipped to 57.68% on October 10 but climbed significantly between October 11 and 16, reaching 58.85%. What does this increase in Bitcoin's dominance mean for altcoins? Crypto expert Ash Crypto on X recently shared interesting insights about the connection between Bitcoin's growing dominance and the future of altcoins.</p>   
<p> Let’s break it down!</p>   
<h2 class="wp-block-heading" id="h-bitcoin-dominance-analysis-what-experts-think-nbsp">Bitcoin Dominance Analysis: What Experts Think&nbsp;</h2>   
<p>Just yesterday, Bitcoin's dominance hit 58.86%, while its price chart showed a <a href="https://coinpedia.org/news/bitcoin-price-surge-will-btc-break-67400-resistance-to-reach-86600/" target="_blank" rel="noreferrer noopener">bullish candlestick</a>, almost touching the monthly peak of $68,000. According to Ash, the Bitcoin market has surged to a remarkable 42-month high with the price reaching $68,000. A new wave of bullish momentum began on October 11, pushing prices higher.</p>   
<p>Since that key date, Bitcoin's price has been consistently rising. Between October 11 and 16, the BTC market experienced an <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">impressive surge of 12.10%</a>. In the last week alone, Bitcoin's price has increased by 10.8%. The market outlook is very positive, as the momentum gained on October 11 remains strong, indicating the possibility of further price increases.</p>   
<figure class="wp-block-image">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/10/17152922/image-104-114.png" alt="" class="wp-image-368193">
</figure>   
<h2 class="wp-block-heading" id="h-promising-projections-for-q4">Promising Projections for Q4</h2>   
<p>Overall analysis of BTC market returns suggests a strong potential for significant growth in Q4, especially in October—the first month of the final quarter. Ash Crypto predicts that if this momentum continues, Bitcoin's price could rise between $80,000 and $90,000 within the next 30 days, potentially pushing its dominance in the <a href="https://coinpedia.org/news/crypto-news-today-oct-17-2024-bitcoin-price-stays-above-67k-xrp-surges-3-4-solana-dips/" target="_blank" rel="noreferrer noopener">cryptocurrency market</a> up to 61%.&nbsp;</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/Ashcryptoreal/status/1846800132429251047 
 </div>
</figure>   [post_titles_links postid="367707"]   
<h2 class="wp-block-heading" id="h-altcoins-await-their-turn">Altcoins Await Their Turn </h2>   
<p>Ash highlighted the general tendency of Altcoins to take a back seat during the triumph of Bitcoin. He forecasted that once <a href="https://coinpedia.org/news/crypto-news-today-oct-17-2024-bitcoin-price-stays-above-67k-xrp-surges-3-4-solana-dips/" target="_blank" rel="noreferrer noopener">Bitcoin breaks its all-time high</a>, Altcoins would starts its rally. He claimed that this pattern was seen in the previous cycle as well.&nbsp;</p>   
<p>In conclusion, Ash advises altcoin investors to hold onto their assets for the next six months, indicating the potential start of a new altcoin season</p>   
<p><strong>Do you think Bitcoin will continue to dominate the market, or will altcoins finally get their moment in the spotlight? </strong></p>

Bitcoin Breaks 42-Month High! Here’s When the Altcoin Season Rally Will Begin

Table of Contents

CoinPedia News

Other articles published on Oct 17, 2024

Ethereum Founder Vitalik Buterin Shares His Long-Term Goals for Ethereum! Here Are the Details

Coinbase Confirms Stability in Bitcoin Liquidity Despite SEC Lawsuit

FLOKI’s Valhalla Welcomes Hafthor Björnsson, “The Mountain” from Game of Thrones, as Official Amb...

World Liberty Fi Website Crashes Amid $6.5M Raise

Bitcoin (BTC) Price Prediction for October 17

Ecrox Coin Price: An In-Depth Guide to Ecrox Chain’s Promising Future

Join our free newsletter for daily crypto updates!