The Crypto market in April began to see new changes from important indicators such as Bitcoin Dominance (BTC.D) and total capitalization fluctuations. Bitcoin's correction momentum may not be as strong as Altcoin's correction momentum.
The following are observations and assessments from BeInCrypto about these new data.
Bitcoin Dominance (BTC.D) is suggesting a scenario of continued growth in April
Bitcoin Dominance (BTC.D) is the proportion of BTC capitalization in total market capitalization. This larger proportion shows that the market prioritizes capital flows for Bitcoin rather than Altcoin. Observing BTC.D from the beginning of the year until now, we can see a clear upward trend.
Volatility of Bitcoin Dominance (BTC) and Bitcoin price.
The structure of this uptrend parallels the bullish momentum of Bitcoin. It can be said that, although many price increasing movements have taken place since the beginning of the year such as AI, RWA, Meme coin,... but the market has not yet experienced a true Altcoin Season. The majority of cash flow still prioritizes Bitcoin.
The structure of BTC.D also shows an ascending triangle pattern when entering April. BTC.D continuously creates new lows higher than the previous bottom (called Higher Low), but has not yet broken the resistance at 55 %. It is likely that, along with this model, BTC.D will soon surpass 55% in April and increase to 58% or 60%.
If this scenario plays out, it could be accompanied by increased or decreased volatility of Bitcoin. The price of BTC increased and BTC.D is exactly what happened from the beginning of the year until now. If BTC.D and the price of BTC decrease, then Altcoins will decrease much more strongly.
