{"id":447140,"date":"2020-10-20T17:00:39","date_gmt":"2020-10-20T17:00:39","guid":{"rendered":"https:\/\/wncen.com\/?p=447140"},"modified":"2024-06-11T14:07:20","modified_gmt":"2024-06-11T14:07:20","slug":"crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/","title":{"rendered":"Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021"},"content":{"rendered":"

The DeFi boom<\/a> and an explosion of ROI across altcoins helped bring bullish sentiment back to crypto, and it helped push Bitcoin above $10,000 and hold the key level for the longest stretch ever.<\/p>\n

But while altcoins had regained some lost ground against the most dominant cryptocurrency, BTC dominance has potentially reversed<\/a>, and if closes the weekly above a key level, altcoins could be decimated throughout the end of the year and into early 2021.<\/p>\n

BTC Dominance Closing Above Mid-Bollinger Band Could Crush Altcoins Into Satoshi Dust<\/h2>\n

Bitcoin price<\/a> is once again flirting with resistance at $12,000, while the rest of the financial world collapses around it. Stocks are falling, gold took a small setback, and altcoins are bleeding out as investors exchange the tokens for BTC.<\/p>\n

The capital rotation out of altcoins and back into Bitcoin could be what is behind the recent strength in the leading cryptocurrency by market cap while the rest of finance flounders.<\/p>\n

Bitcoin dominance climbing while alts suffer clearly shows this process in action. Profit-taking from the summer of DeFi gains<\/a> has kept Bitcoin resilient even in the face of a string of negative news, exchange hacks, and more.<\/p>\n

\"bitcoin<\/p>\n

A weekly close above the mid-BB moving average could be a sell signal for altcoins | Source: BTC.D on TradingView.com<\/a><\/pre>\n
Combined with institutional and corporate money starting to come in<\/a>, Bitcoin could outperform the rest of the crypto market, but it is all contingent on a weekly close above the mid-BB.<\/p>\n
Related Reading | Five Signs Bitcoin Dominance Has Bottomed: Are Altcoins Headed To Zero?<\/a><\/strong><\/em><\/p>\n
Past instances where BTC.D was able to close above the mid-BB \u2013 the moving average the Bollinger Bands<\/a> are calculated from \u2013 resulted in a strong push to the upside, decimating alts in its wake.<\/p>\n
Bitcoin Bull Run Could Leave Alts Behind, Just Like In 2019<\/h2>\n
The last time BTC dominance broke up<\/a> and left altcoins behind, was in 2019 when Bitcoin exploded to as high of $13,800.<\/p>\n
The leading cryptocurrency by market cap is more bullish this time around, and only has that resistance level above $12,000 to contend with before a new all-time high is set.<\/p>\n
Investors know this, and could be moving capital out of altcoins and into Bitcoin, as BTC.D shows.<\/p>\n
\"bitcoin<\/p>\n
Past weekly closes above the mid-BB moving lead to 38% on average move | Source: BTC.D on TradingView.com<\/a><\/pre>\n
The last two weekly candle closes above the mid-BB, resulted in a push to the top Bollinger Bands<\/a>, and an average of a 38% rise. Another rise of similar stature would take BTC.D to as high as 83% dominance.<\/p>\n
Related Reading | Bizarre Correlation Between Bitcoin Dominance And The Dollar Discovered<\/a><\/strong><\/em><\/p>\n
Such a fall would completely erase the entire 2017 crypto bubble and the impact altcoins had in terms of price increase. If this happens, even with Bitcoin’s valuation rising, altcoins could be further crushed into dust.<\/p>\n
Featured image from Deposit Photos, Charts from Tradingview.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
The DeFi boom and an explosion of ROI across altcoins helped bring bullish sentiment back to crypto, and it helped push Bitcoin above $10,000 and hold the key level for the longest stretch ever. But while altcoins had regained some lost ground against the most dominant cryptocurrency, BTC dominance has potentially reversed, and if closes the weekly above a key level, altcoins could be decimated throughout the end of the year and into early 2021. BTC Dominance Closing Above Mid-Bollinger Band Could Crush Altcoins Into Satoshi Dust Bitcoin price is once again flirting with resistance at $12,000, while the rest of the financial world collapses around it. Stocks are falling, gold took a small setback, and altcoins are bleeding out as investors exchange the tokens for BTC. The capital rotation out of altcoins and back into Bitcoin could be what is behind the recent strength in the leading cryptocurrency by market cap while the rest of finance flounders. Bitcoin dominance climbing while alts suffer clearly shows this process in action. Profit-taking from the summer of DeFi gains has kept Bitcoin resilient even in the face of a string of negative news, exchange hacks, and more. A weekly close above the mid-BB moving average could be a sell signal for altcoins | Source: BTC.D on TradingView.com Combined with institutional and corporate money starting to come in, Bitcoin could outperform the rest of the crypto market, but it is all contingent on a weekly close above the mid-BB. Related Reading | Five Signs Bitcoin Dominance Has Bottomed: Are Altcoins Headed To Zero? Past instances where BTC.D was able to close above the mid-BB \u2013 the moving average the Bollinger Bands are calculated from \u2013 resulted in a strong push to the upside, decimating alts in its wake. Bitcoin Bull Run Could Leave Alts Behind, Just Like In 2019 The last time BTC dominance broke up and left altcoins behind, was in 2019 when Bitcoin exploded to as high of $13,800. The leading cryptocurrency by market cap is more bullish this time around, and only has that resistance level above $12,000 to contend with before a new all-time high is set. Investors know this, and could be moving capital out of altcoins and into Bitcoin, as BTC.D shows. Past weekly closes above the mid-BB moving lead to 38% on average move | Source: BTC.D on TradingView.com The last two weekly candle closes above the mid-BB, resulted in a push to the top Bollinger Bands, and an average of a 38% rise. Another rise of similar stature would take BTC.D to as high as 83% dominance. Related Reading | Bizarre Correlation Between Bitcoin Dominance And The Dollar Discovered Such a fall would completely erase the entire 2017 crypto bubble and the impact altcoins had in terms of price increase. If this happens, even with Bitcoin’s valuation rising, altcoins could be further crushed into dust. Featured image from Deposit Photos, Charts from Tradingview.com<\/p>\n","protected":false},"author":517,"featured_media":447150,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,428,13510,1119,16154,75754,1144,82859,78790,6664,54512,1946,4524,76835,4531],"class_list":["post-447140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-bitcoin","tag-bitcoin-dominance","tag-btc","tag-btc-dominance","tag-btc-d","tag-btcusd","tag-btcusdc","tag-btcusdt","tag-crypto","tag-defi","tag-ethereum","tag-xbt","tag-xbtusd","tag-xrp"],"acf":[],"yoast_head":"\nCrushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021<\/title>\n<meta name=\"description\" content=\"The DeFi boom and an explosion of ROI across altcoins helped bring bullish sentiment back to crypto, and it helped push Bitcoin above $10,000 and hold the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021\" \/>\n<meta property=\"og:description\" content=\"The DeFi boom and an explosion of ROI across altcoins helped bring bullish sentiment back to crypto, and it helped push Bitcoin above $10,000 and hold the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-20T17:00:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:07:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/bitcoin-dominance-btc-d-altcoins-crypto-Depositphotos_52860873_xl-2015-scaled.jpg?fit=2560%2C1696\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1696\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony "El Toro" Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony "El Toro" Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/\"},\"author\":{\"name\":\"Tony \\\"El Toro\\\" Severino\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021\",\"datePublished\":\"2020-10-20T17:00:39+00:00\",\"dateModified\":\"2024-06-11T14:07:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/\"},\"wordCount\":440,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/bitcoin-dominance-btc-d-altcoins-crypto-Depositphotos_52860873_xl-2015-scaled.jpg?fit=2560%2C1696\",\"keywords\":[\"altcoins\",\"bitcoin\",\"bitcoin dominance\",\"btc\",\"btc dominance\",\"btc.d\",\"btcusd\",\"btcusdc\",\"BTCUSDT\",\"crypto\",\"DeFi\",\"ethereum\",\"xbt\",\"xbtusd\",\"xrp\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/\",\"url\":\"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/\",\"name\":\"Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/bitcoin-dominance-btc-d-altcoins-crypto-Depositphotos_52860873_xl-2015-scaled.jpg?fit=2560%2C1696\",\"datePublished\":\"2020-10-20T17:00:39+00:00\",\"dateModified\":\"2024-06-11T14:07:20+00:00\",\"description\":\"The DeFi boom and an explosion of ROI across altcoins helped bring bullish sentiment back to crypto, and it helped push Bitcoin above $10,000 and hold the\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/bitcoin-dominance-btc-d-altcoins-crypto-Depositphotos_52860873_xl-2015-scaled.jpg?fit=2560%2C1696\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/bitcoin-dominance-btc-d-altcoins-crypto-Depositphotos_52860873_xl-2015-scaled.jpg?fit=2560%2C1696\",\"width\":2560,\"height\":1696,\"caption\":\"A claw on a compactor moves light weight metal at a recycle yard in Oregon\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"El Toro\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"El Toro\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/wncen.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021","description":"The DeFi boom and an explosion of ROI across altcoins helped bring bullish sentiment back to crypto, and it helped push Bitcoin above $10,000 and hold the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/","og_locale":"en_US","og_type":"article","og_title":"Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021","og_description":"The DeFi boom and an explosion of ROI across altcoins helped bring bullish sentiment back to crypto, and it helped push Bitcoin above $10,000 and hold the","og_url":"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-10-20T17:00:39+00:00","article_modified_time":"2024-06-11T14:07:20+00:00","og_image":[{"width":2560,"height":1696,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/bitcoin-dominance-btc-d-altcoins-crypto-Depositphotos_52860873_xl-2015-scaled.jpg?fit=2560%2C1696","type":"image\/jpeg"}],"author":"Tony \"El Toro\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"El Toro\" Severino","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/"},"author":{"name":"Tony \"El Toro\" Severino","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021","datePublished":"2020-10-20T17:00:39+00:00","dateModified":"2024-06-11T14:07:20+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/"},"wordCount":440,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/bitcoin-dominance-btc-d-altcoins-crypto-Depositphotos_52860873_xl-2015-scaled.jpg?fit=2560%2C1696","keywords":["altcoins","bitcoin","bitcoin dominance","btc","btc dominance","btc.d","btcusd","btcusdc","BTCUSDT","crypto","DeFi","ethereum","xbt","xbtusd","xrp"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/","url":"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/","name":"Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/bitcoin-dominance-btc-d-altcoins-crypto-Depositphotos_52860873_xl-2015-scaled.jpg?fit=2560%2C1696","datePublished":"2020-10-20T17:00:39+00:00","dateModified":"2024-06-11T14:07:20+00:00","description":"The DeFi boom and an explosion of ROI across altcoins helped bring bullish sentiment back to crypto, and it helped push Bitcoin above $10,000 and hold the","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/bitcoin-dominance-btc-d-altcoins-crypto-Depositphotos_52860873_xl-2015-scaled.jpg?fit=2560%2C1696","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/bitcoin-dominance-btc-d-altcoins-crypto-Depositphotos_52860873_xl-2015-scaled.jpg?fit=2560%2C1696","width":2560,"height":1696,"caption":"A claw on a compactor moves light weight metal at a recycle yard in Oregon"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"El Toro\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"El Toro\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021","url":"http:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/bitcoin-dominance-btc-d-altcoins-crypto-Depositphotos_52860873_xl-2015-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/bitcoin-dominance-btc-d-altcoins-crypto-Depositphotos_52860873_xl-2015-scaled.jpg?fit=2560%2C1696"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","bitcoin","bitcoin dominance","btc","btc dominance","btc.d","btcusd","btcusdc","btcusdt","crypto","defi","ethereum","xbt","xbtusd","xrp"],"dateCreated":"2020-10-20T17:00:39Z","datePublished":"2020-10-20T17:00:39Z","dateModified":"2024-06-11T14:07:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/crushing-bitcoin-dominance-could-decimate-altcoins-through-q1-2021\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/bitcoin-dominance-btc-d-altcoins-crypto-Depositphotos_52860873_xl-2015-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/bitcoin-dominance-btc-d-altcoins-crypto-Depositphotos_52860873_xl-2015-scaled.jpg?fit=2560%2C1696\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"bitcoin\",\"bitcoin dominance\",\"btc\",\"btc dominance\",\"btc.d\",\"btcusd\",\"btcusdc\",\"btcusdt\",\"crypto\",\"defi\",\"ethereum\",\"xbt\",\"xbtusd\",\"xrp\"],\"dateCreated\":\"2020-10-20T17:00:39Z\",\"datePublished\":\"2020-10-20T17:00:39Z\",\"dateModified\":\"2024-06-11T14:07:20Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/bitcoin-dominance-btc-d-altcoins-crypto-Depositphotos_52860873_xl-2015-scaled.jpg?fit=2560%2C1696","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/447140"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=447140"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/447140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/447150"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=447140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=447140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=447140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}