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>   
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<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>   
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   https://twitter.com/Ashcryptoreal/status/1846800132429251047 
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<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

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