Pre-Halving BTC Dominance Pump Almost Completed.
1. Increased EXACTLY till the last support level created after post-halving dump in 2020.
2. Most altcoins already outperforming BTC. We might have a major alt rally while approaching May if BTC remains stable.
This aligns with how Bitcoin Dominance behaves post-halving. What is important to see is when and where does this find support because it's likely that the next dominance pump will be during a major market correction where people move to BTC as a safe haven.
If I had to take a gambler’s bet, this is how things move now:
1. BTC Recovery till around 68k or maybe ATH. (most top buyers waiting to exit BE there)
2. Alts have some rallies, expect more from alts that have been strong in the last month (no overhanging supply as most alts like APT/W fell 3X stronger than BTC and have a lot of bag holders looking to exit closer to BE. (Maybe SOL is an exception to this, maybe)
3. If this plays out then we re-evaluate in May.
