Today’s sell-off across most crypto assets has caused some concerns about the continuation of the altseason.
We’ve decided to check what Hybrid Intelligence thinks by posting the usual question about BTC dominance:
“Bitcoin crypto market share settled at 63.85% at 12:00 PM UTC on Wednesday, January 27. Will Bitcoin's market share climb above 65.13% (+2%) earlier than drop below 62.57% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 42%
This is a rather uncertain indicator.
After falling for 3 weeks, BTC dominance found support around 62.5%. The Hybrid Intelligence view is slightly more pro-Bitcoin than last week (it was 31%, i.e. in favour of altcoins), but it’s not a decisive signal.
To check how the overall market will perform, we’ve asked the following question:
“The cryptocurrency Market Capitalization settled at 895.15B USD at 12:00 PM UTC on Wednesday, January 27. Will the Market cap climb above 962.3B USD (+7.5%) earlier than drop below 828B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 24%
This is a bearish signal from Hybrid Intelligence. Yet by the time the indicator was ready, the market cap already declined significantly — and then rebounded.
It’s best not to try catching the falling knives. Even after a sharp drop, prices might go down further so it’s probably safer to wait for confirmations that the local bottom was reached.
We’ve decided to check what Hybrid Intelligence thinks by posting the usual question about BTC dominance:
“Bitcoin crypto market share settled at 63.85% at 12:00 PM UTC on Wednesday, January 27. Will Bitcoin's market share climb above 65.13% (+2%) earlier than drop below 62.57% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 42%
This is a rather uncertain indicator.
After falling for 3 weeks, BTC dominance found support around 62.5%. The Hybrid Intelligence view is slightly more pro-Bitcoin than last week (it was 31%, i.e. in favour of altcoins), but it’s not a decisive signal.
To check how the overall market will perform, we’ve asked the following question:
“The cryptocurrency Market Capitalization settled at 895.15B USD at 12:00 PM UTC on Wednesday, January 27. Will the Market cap climb above 962.3B USD (+7.5%) earlier than drop below 828B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 24%
This is a bearish signal from Hybrid Intelligence. Yet by the time the indicator was ready, the market cap already declined significantly — and then rebounded.
It’s best not to try catching the falling knives. Even after a sharp drop, prices might go down further so it’s probably safer to wait for confirmations that the local bottom was reached.