Bitcoin 
$109,306.29while the search for direction in the market share of Intothhecryptoverse’in founder Benjamin CowenLord three scenarios, pointed out that no matter which scenario occurs, there is a possibility that Altcoins will lose value. On the other hand, analyst Axel BitblazeIn the last quarter of the year, he drew a more positive picture by expressing that a strong rise in the crypto currency market could come up.
3 scenarios on Bitcoin’s market share from Cowen
Cowen, X In the analysis he shared from his account BitcoinHe said that the 20 -week simple moving average (SMA) level is at a significant turn. In the first scenario he pointed out, if the rise from this level begins, the largest crypto currency will be the pioneer of the market as in 2017 and the capital would shift from Altcoins to Bitcoin.
In the second scenario he pointed out, Bitcoin could not maintain the average of 20 weeks and fall to a 50 -week average altcoinHe announced that he expects the s hard to fall harder. Cowen also reminded that Bitcoin increased the market share of Bitcoin, which is seen in the third quarter of 2024 and the first quarter of the year.
Cowen, in the third scenario, Bitcoin can move horizontally around the average 20 -week average. In this scenario, the gradual depreciation of the Altcoins crypto currencyIt is waiting for the market share to increase.
Bitblaze: Weak September, strong quarter
For Bitcoin, September was negative in the 8th of the last 12 years. Analyst Axel Bitblazeby expressing that this is aware of this reality, but the current cycle is different. Spot Bitcoin ETFpointed to. He underlined that ETFs are absorbing supply from the market, interest reduction expectations are strengthened and the increase in global liquidity could support prices.
Bitblaze foresees that he expects a wavy course at the beginning of September, but the main movement will begin after September. He also noted that the fourth quarter is one of the most productive periods for Bitcoin historically.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
