What matters for altcoins is not the price of Bitcoin ,Bitcoin can pump to $1,000,000 tomorrow and altcoins can still sit in the mud. Bitcoin can crash to $50,000 tomorrow and altcoins can still enter a super cycle
What truly matters is Bitcoin dominance, not Bitcoin price, Once dominance rotates downward, whether Bitcoin is pumping, dumping, or moving sideways, money flows into altcoins and they explode 🤔
Here is the historical proof ⬇️
In 2017 to 2018, Bitcoin crashed about 70% from $20,000 to $6,000, but dominance collapsed from about 95% to about 38% ⚡️
The result was the altseason of the century: ETH gained 10,000% and XRP gained 36,000%
In 2019, BTC dropped about 30% from $14,000 and then moved sideways ,Dominance dipped and the average ALT gained between 200% and 300% in a few months while BTC did almost nothing
In 2021, Bitcoin topped at $69,000 and then corrected about 50% to about $30,000. Dominance fell from 73% to about 40% ,That triggered DeFi and NFT summer.
SOL gained 11,000% and ADA gained 4,000% ⚡️
So, will there be an altseason even if BTC moves into a brutal downtrend? 🤔
✅️ Absolutely yes, as long as dominance breaks lower ,Watch Bitcoin dominance, not just the Bitcoin price ⚡️
🚸 Warning 🚸 I do not provide financial advice 🔞The intent of this content is for you to be aware of market conditions before starting to invest 👌Thank you for reading 👌
