BTC has historically taken a 61.8% Fib retracement and continues to follow this trend over the past year. The introduction of institutional investors has only grown the total crypto market cap from 14b a year ago to 552b today with an ATH of 643b. (Approx 4000%+ growth). BTC dominance continues to show a downward trend as it new money flows into BTC and crypto investors cash out into fiat or Alt's for newer and more profitable long term plays. I believe the price of BTC will continue to rise as it continues to receive media attention; however, I think there's more financial gain to be made in the alts where the true long term plays are being held.
If yes, how much down proximally??
Thanks