Altcoin Sherpa Predicts Bitcoin Dominance Jump – ATH Coming For ETH

A prominent cryptocurrency analyst, known as Altcoin Sherpa, predicts a market move for Bitcoin that many altcoin traders might miss, and be left underexposed to BTC. He also says expects Ethereum to break ATH within this month.

Bitcoin Dominance

Altcoin Sherpa shares with his 133.6K followers on Twitter followers the Bitcoin dominance chart over other crypto market looks to be moving up soon. This means that altcoins against BTC will drop.

“We’re all about to be very underexposed to Bitcoin with what happens next. This is the dominance chart

when [BTC dominance] goes up, alt/btc [goes] down. [Because] everyone has 100% altcoins, you’re going to be crying when you see altcoins underperform.

BTC rips->alt usd consolidate -> alt/btc [down]”

$BTC.D: We're all about to be very underexposed to #Bitcoin with what happens next. This is the dominance chart-when btc.d goes up, alt/btc down. bc everyone has 100% altcoins, you're going to be crying when you see alts underperform.$BTC rips->alt usd consolidate -> alt/btc ? pic.twitter.com/75lt5pAF9v

— Altcoin Sherpa (@AltcoinSherpa) October 11, 2021

The bitcoin dominance ratio, measures BTC’s market capitalization relative to the total crypto market capitalization. In other words, if BTC is going up in the dominance chart, it means Bitcoin is rising faster in value than other crypto assets.

According to the crypto market analyst, Bitcoin’s market structure has flipped bullish after reaching its first higher high in five months.

“Markets either range, uptrend, or downtrend. I believe we’re now in a bullish market structure at this point. Expecting all-time highs within the next few weeks.”

$BTC: Markets either range, uptrend, or downtrend. I believe we're now in a bullish market structure at this point. Expecting all time highs within the next few weeks. #Bitcoin pic.twitter.com/xJVKOVLDFg

— Altcoin Sherpa (@AltcoinSherpa) October 10, 2021

Ethereum (ETH)

Looking into Ethereum (ETH), Altcoin Sherpa draws a path for ETH to climb towards new price discovery, after passing new all-time high within October.

“This is what I am expecting on the 1D for Ethereum. Grind up to 4k, consolidate, go to all-time highs.”

$ETH: This is what I am expecting on the 1D for #Ethereum. Grind up to 4k, consolidate, go to all time highs. $ETHUSD pic.twitter.com/P0Z7P1GQKw

— Altcoin Sherpa (@AltcoinSherpa) October 11, 2021

At the time of writing, Ethereum (ETH) is trading around $3,500, according to CoinMarketCap, but the analyst is convinced that ETH will reach $4,300 level by November – 20% jump from the current price.