Traders claim Bitcoin’s charts indicate the imminent arrival of the ‘dominance express’.

Crypto traders are divided on the future of Bitcoin’s market dominance, with some predicting a surge and others expecting a decline. Benjamin Cowen, founder of Into The Cryptoverse, believes that Bitcoin’s market cap dominance has been following an ascending triangle pattern since September. This pattern occurs when the price consolidates between an upward trendline support and a horizontal resistance trendline. Cowen suggests that Bitcoin’s dominance is set to increase significantly. Another trader, known as “Beanie,” agrees with this sentiment, stating that Bitcoin’s dominance tends to grow during bear markets as investors seek a safe haven. Despite Bitcoin’s recent all-time high, Beanie argues that the current trend resembles the 2018 bear market rather than the bull market of 2021. In 2018, Bitcoin’s dominance dropped from 85% to a record low of 32.45%. Currently, Bitcoin’s dominance stands at 50.1%. However, not all traders share this optimistic view. Zero Ika, another crypto trader, believes that Bitcoin’s market share is actually in a long-term downtrend. The future of Bitcoin’s dominance remains uncertain, with conflicting opinions among traders.