BITCOIN IS GETTING STRONGER
Bitcoin dominance has already accumulated a high of 18.6% in 2024 and continues to rise, with a new high today at 61.3%.
In the last cycle, dominance reached 70% in January 2021 and soon after we saw an explosion in the price of several altcoins.
In this cycle, I don't expect dominance to reach 70%, but to have a high a little below that.
Maybe something close to 65% is reasonable. The point is that we don't seem to be that far from that.
Altcoins falling and BTC rising is only bad for those who haven't set up a proper crypto portfolio by now. As a sign, this is quite healthy for the market.
Those who have done their homework, something I always teach transparently on my networks, by putting together a portfolio for the first leg of the bull run (Bitcoin season) with the majority in Bitcoin, can now start increasing their holdings in altcoins in percentage terms to better capture the altseason.
It is on its way. But we still have opportunities shining on the screen.