Benjamin Cowen predicted in a YouTube video that BTC’s dominance may continue to rise in the coming month.
The analyst also stated that investors may want to adjust the majority of their portfolios’ exposure to BTC.
At press time, BTC was down 2.99% and traded at $36,325.11.
The popular cryptocurrency trader and analyst Benjamin Cowen predicted that Bitcoin’s (BTC) market dominance may continue to climb in the coming months. In his latest analysis, he also shared his belief that altcoins could bleed against the leading cryptocurrency.
Cowen also stated that investors may want to consider exposing the majority of their portfolio to BTC until its market dominance stops climbing. This is due to the fact that he anticipates that BTC will lead the next bull run, before alts begin to rise in the next cycle.
This is not to say that he does not think altcoins will rise against stablecoins such as Tether (USDT) and USD Coin (USDC). Nevertheless, he maintains his view that BTC should make up the majority of investors’ cryptocurrency portfolios.
To back his strategy, Cowen mentioned that the market leade…
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