Pay close attention to the current market dominance trend!

To the complaints out there about BTC climbing and alts bleeding: Yes, it should be expected. Don't forget, we just experienced it last week!

After a small pullback where some alts jumped, BTC has regained market dominance. A new local high of 45.59 was just set. Overall, BTC price and dominance are both on an uptrend. This suggests that BTC market dominance will continue to rise as it claims higher price levels.

I made a post last week of why this is a good thing for the market. In short, all the attention right now is on BTC surpassing its ATH, which when achieved would make a very bullish case for the bull run.

So when will your alts move? I don't know. I personally think this can go on for months, at least until after BTC reclaims ATH and stabilizes. The last time a similar scenario happened was from Oct 2020 to Jan 2021. That took 4 months.

Alts will have their time of course. For the foreseeable future however, BTC will be in control.