A popular crypto strategist says that the current Bitcoin (BTC) rally is mirroring a pattern that preceded the king crypto’s massive eruption in 2019.
Pseudonymous analyst Smart Contracter tells his 218,100 Twitter followers that Bitcoin is likely to dominate the crypto markets in a repeat performance of its 2019 burst.
“BTC finally broke its $18,400 horizontal highs. BTC dominance going on run and most conditioned to be all in alts. [Definitely] starting to feel more and more like an April 2019 moment every day.”
Source: Smart Contracter/Twitter
BTC opened in April 2019 at $4,102 and ended in June 2019 having hit a high of $13,970 – a 240% gain.
Smart Contracter’s charts also include the Bitcoin Dominance index (BTC.D). The BTC.D chart tracks how much