Bitcoin dominance chart suggests altseason is near, is it true?
Why is this indicator important? The dominance of Bitcoin indicates the percentage of resources that are invested in $BTC in comparison with the entire crypto market, this means that 50% in this indicator represents half of all the resources in the crypto market They are in Bitcoin.
Once this indicator starts to go down, it can be due to several reasons that Bitcoin falls or stagnates, and much of Bitcoin's capital begins to flow into altcoins, which is why many altcoins tend to explode when this happens. The lower the capitalization, the greater the increase in these altcoins.
What altcoins are your favorites to exploit this altseason?
