Cryptocurrency investors have been waiting for the start of a new altcoin rally in the sector for a long time. Although the leading cryptocurrency Bitcoin (#BTC ) has experienced sharp rises as of 2023, altcoins have not performed as expected.

Of course, the fact that the Bitcoin dominance table exceeded 50 percent levels allowed the money in the sector to flow to BTC rather than altcoins.

The fact that giant investment companies such as BlackRock and Fidelity have applied for a spot Bitcoin ETF has led large investors to be more interested in BTC than altcoins.

When Will the Highly Anticipated Altcoin Rally Start?

Cryptocurrency investors are buying altcoins instead of Bitcoin because of the profit margin. In order for the long-awaited altcoin rally to start in the coming period, BTC dominance must experience sharp declines.

The BTC dominance chart is positioned above the 48.5 percent support in the recent period. The dominance of Bitcoin, which has formed a huge upward trend, has not yet reached the expected break.

Breaking the 48.5 percent support level will allow BTC dominance to decline to 40 percent levels. The decline in Bitcoin dominance in the market may lead to long-awaited leaps in #altcoins.

If Bitcoin dominance exceeds the 52 percent resistance in the coming period, it may cause the altcoin rally to be shelved. In such a scenario, BTC dominance is expected to experience an increase of up to 57 percent levels. #Binance