Possible reversal zone and eventual target of the sum of BTC and ETH dominance, taking into account past cycles.
Considering that there are increasingly more projects and that projects from previous cycles like Solana have been gaining more market share, it is assumed that the dominance of BTC and ETH will not surpass the peak of the previous cycle (as occurred in the previous cycle, where the peak reached the maximum of 2017).
The zone of relative equal lows below is the target for the movement preceding the blow-off top. Considering past cycles, the tops are made/hit before the blow-off top.
The dashed, red lines mark the peaks of the sum of the dominances, which, in comparison with the bitcoin cycle, precede the blow-off top. Until the blow-off top, both dominances lose to other projects, with bitcoin's dominance being the one that loses the most.
Considering that there are increasingly more projects and that projects from previous cycles like Solana have been gaining more market share, it is assumed that the dominance of BTC and ETH will not surpass the peak of the previous cycle (as occurred in the previous cycle, where the peak reached the maximum of 2017).
The zone of relative equal lows below is the target for the movement preceding the blow-off top. Considering past cycles, the tops are made/hit before the blow-off top.
The dashed, red lines mark the peaks of the sum of the dominances, which, in comparison with the bitcoin cycle, precede the blow-off top. Until the blow-off top, both dominances lose to other projects, with bitcoin's dominance being the one that loses the most.