Bitcoin price has been on a tear since the start of 2023.
The recent uptick in BTC dominance has pushed it to two-year highs at 51.03%.
Altcoins might have to take a backseat until the big crypto takes a breather.
Bitcoin price has increased 74% in the last six months, and recent developments suggest more gains are on the way. Specifically, the BTC dominance shows a bullish outlook while the short-term picture remains optimistic.