Why Bitcoin Dominance Suggests Alt Season Is Still Many Months Out

Why Bitcoin Dominance Suggests Alt Season Is Still Many Months Out


Bitcoin price is a mere $2,000 away currently from setting a new high and shocking the world that the cryptocurrency rose from the ashes like a Phoenix once again. The currently flaming hot cryptocurrency is the talk of the world of finance, and it has resulted in altcoins suffering significantly over the last several weeks.

While much of the cryptocurrency community expects alt season to follow the moment Bitcoin corrects and consolidates, BTC dominance could be forecasting that any improvement in the altcoin trend could be many months out. Here’s what the metric measuring the first-ever cryptocurrency growing market cap against the rest of the crypto industry has to say about altcoins.

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Bitcoin is trading at $18,000 and its total market cap has set a new higher high over the 2017 peak. All signs point to an extended Bitcoin bull run, after perhaps one more correction.

The last time

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