$BTC
馃殌 The Altcoin Season Catalyst? Watch BTC Dominance! 馃殌
As the crypto market matures, understanding key indicators becomes crucial for identifying potential opportunities. One such critical metric is Bitcoin dominance. Historically, when BTC dominance begins to decline, we often witness a surge in altcoin performance, with many projects rallying significantly.
The next potential catalyst? Bitcoin breaking the $100K milestone. 馃挜
Here鈥檚 the reasoning:
1锔忊儯 A BTC rally to $100K will likely bring massive attention and liquidity into the market.
2锔忊儯 Once BTC establishes new highs, investors might look to diversify profits into altcoins, igniting what could be a massive altcoin season.
3锔忊儯 A decline in BTC dominance has, in the past, coincided with some of the most explosive altcoin rallies.