For those that are concerned with btc dominance still rising:
It doesn't need to drop to actually have a better environment for alts.
Q1 this year was a really good example of that.
The dollar value of alts can rise significantly when Bitcoin dominance is still rising and going up itself.
Bitcoin dominance means the entire altcoin market cap is just not outperforming (local outperformers still exist though) vs Bitcoin.
This wasn't the case in Q1 either but we had a pretty good time right?
If we want an altseason of a very large magnitude than yes, Bitcoin dominance needs to drop.
It also doesn't need to come that low as people think.
That all being said:
I do fully expect Bitcoin dominance to drop at some point though.
In the entire history of the market we've never had Bitcoin dominance go up only forever. It has always come down at some point.
I wouldn't bet against that kind off accuracy.
