Bitcoin Dominance (BTC.D) has been inexorably clawing its way higher since early September 2022, at which point it had reached its bottom at just under 39%. Currently at 59%, it may be that Bitcoin is soon to start ceding its dominance to the altcoins.
Bitcoin still the frontrunner
Bitcoin (BTC) has been leading the altcoins (except for a few notable exceptions) throughout most of this current bull market. Every time an altcoin season might have transpired, the king of the cryptocurrencies just increased its dominance once again.
Currently above its bull flag, Bitcoin is still the frontrunner that is likely to spark the next stage of the bull market. That said, outperforming altcoins such as Solana (SOL) may have a say in this.
Could 60% be the top?
Source: TradingView
Looking at the short-term chart for Bitcoin Dominance (BTC.D) it can be observed that the price is still climbing, but within an ascending wedge pattern. If the price continues to remain inside the wedge,
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