A closely monitored crypto analyst attracts attention to an important Bitcoin (BTC) metropy for the Altcoin season. Analyst says that when this metric reversal reverses, subcoins can start a explosive rally.

Analyst is looking at the dominance of Bitcoin for the Altcoin season and…

Popular crypto analyst Rek Capital says that after reaching a historical peak level of Bitcoin domination (BTC.D), it can soon enter a downward stage. He also says that Altcoins can perform better than leading crypto money (Altcoin season).

Bitcoin dominance is currently 61.86 %. Investors use BTC.D to track whether Altcoins perform better than Bitcoin. Because it calculates how much of this metric crypto market belongs to BTC. Rekt Capital also says that the subcoins can see smaller rally when temporary BTC.D withdrawal before a trend is reversed. In this context, the analyst makes the following statement:

Yes, Bitcoin domination is in a macro rise trend that can see 71 %again in the next few months, but as in any macro rising trend, in the meantime, there are retreats as part of the journey. This is the retreats of Bitcoin, which will make Altcoin windows possible. These Altcoin windows may progress in line with the Altcoin Hype cycles in which increases in Altcoin values ​​occur in the second half of the relevant quarters. Only these Altcoin windows may be at a depth of 5- 10 %during the rise trend of macroin. However, when Bitcoin domination visits 71 %again and rejected from there, this is where a major correction will take place. And an extremely large Bitcoin dominance will create an extremely large subcoin season.

Source: Rek Capital

When Bitcoin sees 71 %…

In addition, the analyst says that the dominance of Bitcoin has entered a stage of the market that led to a rupture for Altcoins historically. In this respect, the analyst said, “Bitcoin dominance finally entered the range of 58-71 %(green-red). And every time the BTC dominance enters this range, 71 %(red) visits again before rejecting Bitcoin dominance in a strong subcoin season. says.

Source: Rek Capital

The analyst says that BTC.D had historically reached 71 %before making a correction. In this context, “There are many speculation as to whether Bitcoin can visit 71 %of the dominance again. Historically, everything in which BTC domination enters the range of 58-71 %macro, 71 %will visit again. This took place in three of three times. History shows that Bitcoin dominance macro hills have not changed much over time. ” says.

Source: Rek Capital