Bitcoin dominance and altcoin season!

Bitcoin dominance is now a familiar name to everyone. Because at this moment, this word has become a thorn in the side of all investors. Because at this moment, despite no bad news in the market, the prices of all coins are down only because of Bitcoin dominance. Especially despite the increase in the price of Bitcoin, the prices of all coins are down only because of the high Bitcoin dominance. For example, the current Bitcoin dominance has created new history and it has created a new all-time high. Bitcoin dominance seems to be going up and it has risen to 64.74% and as it rises up, it seems to pump more. If this happens, the prices of altcoins will decrease a lot.



[source](https://pixabay.com/photos/trading-investing-stocks-options-7181177/)



Currently, Bitcoin dominance has created a new all-time high, which has broken all previous records and in January 2021, such dominance increased and created a new all-time high, but now everything has broken records and created a new all-time high. Basically, Bitcoin dominance measures how much market share Bitcoin has compared to other cryptocurrencies. If the price of Bitcoin increases and the dominance ratio is high, then you can buy Bitcoin. Because this time is very profitable to buy Bitcoin. Because people are seen to be moving their investments from altcoins and investing in Bitcoin.

As a result, even if the price of Bitcoin increases, the prices of other cryptos continue to decrease. Similarly, if the dominance ratio is high, but the price of Bitcoin continues to decrease, then you can sell altcoins. If you do not sell, then you may face losses due to the price of your coins decreasing by a large amount. If Bitcoin dominance ratio is low but price is increasing, then it is time to buy altcoins. This is very important. Especially if we want to see the alt season, then we must see the season of decreasing Bitcoin dominance.

If Bitcoin dominance decreases and at the same time the price of Bitcoin increases, then we will see the alt season very soon. But for that we have to be a little patient, hopefully we are going to see something good very soon. Because a similar situation occurred in 2021. Then from that situation, Bitcoin dominance decreased a lot and later you must not be unaware of how much the price of other coins including Bitcoin increased. So wait and be patient, the alt season is going to start very soon.