A month ago the idea “BTC.D, dominance is going down! Is ALTSEASON coming soon?” was published. The price (%) began to fall after leaving the channel and testing it as resistance.

What is dominance? Bitcoin dominance is the ratio of the capitalization of the major cryptocurrency ( BTC ) to the total capitalization of cryptocurrencies. Simply put, % of Bitcoin’s capitalization in the TOTAL capitalization of the crypto market (Bitcoin+Altcoins). Now it`s 42%.

When Bitcoin dominance falls, 99% of altcoins start to grow. This is also called an altseason. The longest altseasons with 10-100x for ALT`s happen during the end of Bitcoin bull market (2017, 2021), but during temporary corrections like this small altseasons also happen.

In one month, Bitcoin rose by 16% to $48,000. We see that 3/4 of altcoins have grown more than Bitcoin:
1. Cardano (ADA) +35%
2. Dogecoin (DOGE) +50%
3. Near Protocol (NEAR) +82%
4. Only BNB have grown as well as BTC +16%!

That’s why it’s important to pay attention to Bitcoin’s dominance ( BTC .D). It can be an additional indicator to open a trade!

Did you use our tip a month ago? Write in the comments, it’s interesting to know.

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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.