Bitcoin price has been on a tear since the start of 2023.

The recent uptick in BTC dominance has pushed it to two-year highs at 51.03%.

Altcoins might have to take a backseat until the big crypto takes a breather.

Bitcoin price has increased 74% in the last six months, and recent developments suggest more gains are on the way. Specifically, the BTC dominance shows a bullish outlook while the short-term picture remains optimistic.

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