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Bitcoin dominance is projected to rebound to 55% by mid-2024, according to data from Glassnode. The Global Liquidity Index, which has historically mirrored Bitcoin's price movements, suggests that Bitcoin is poised for significant growth, potentially reaching its peak in 2025, per Bitcoinsensus. Bitcoin's dominance has been on an upward trend since September 2022 and March 2023, and some analysts predict it could top out at 57% this cycle. The introduction of Ethereum ETFs may influence this trend.
The Bitcoin dominance has grown steadily ever since late 2022 Where will it top? 👀 https://t.co/VzBhDlzq8d
$BTC.D is still in this uptrend channel, already since March 2023. It's in an uptrend even since September 2022. My prediction (which I also made long ago): it will top out at 57% this cycle. Meaning we're nearly there. Given the $ETH ETFs that are coming, it could all line up… https://t.co/Sec37cPUcM
NEW: Global Liquidity index suggests #Bitcoin is ready for another rise, reaching its peak in 2025, per Bitcoinsensus. https://t.co/Jv5NAg1524
