$BTC
š The Altcoin Season Catalyst? Watch BTC Dominance! š
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. š„
Hereās the reasoning:
1ļøā£ A BTC rally to $100K will likely bring massive attention and liquidity into the market.
2ļøā£ Once BTC establishes new highs, investors might look to diversify profits into altcoins, igniting what could be a massive altcoin season.
3ļøā£ A decline in BTC dominance has, in the past, coincided with some of the most explosive altcoin rallies.