$BTC dominance (BTC.D) is surging alongside Bitcoin, which explains why altcoins are lagging behind.

BTC.D is currently at its highest level since 2021, so a retracement would be healthy to stimulate alt movement and support an anticipated bull run.

At the moment, BTC.D sits in a critical zone of 59.7-60.6%. We expect a sharp pullback from this level that could spark activity in alts; otherwise, the outlook for altcoins may worsen.