Ofcourse is easy to think that we are already into the crypto bull run or to say: the crypto bull run is coming. I think there are some important questions we need to ask and answer too. Offcourse Bitcoin has surge to the highest level almost to what happened in 2021. To determine if the bull run is coming we need to look at two things. ✴️ Bitcoin dominance. The ratio of BTC's market cap to the total crypto market cap is very important in market analysis. If BTC dominance is decreasing, it means that people are reallocating capital to altcoins, which is one of the indicators of the upcoming or current altcoin season.
✴️ Altcoin performance relative to BTC. Some indicators analyze the relative price performance of top altcoins and determine whether they outperform or underperform BTC over a given period of time. If they consistently outperform, it's a good signal that altcoin season is here.
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Ofcourse is easy to think that we are already into the crypto bull run or to say: the crypto bull run is coming. I think there are some important questions we need to ask and answer too. Offcourse Bitcoin has surge to the highest level almost to what happened in 2021. To determine if the bull run is coming we need to look at two things.
✴️ Bitcoin dominance. The ratio of BTC's market cap to the total crypto market cap is very important in market analysis. If BTC dominance is decreasing, it means that people are reallocating capital to altcoins, which is one of the indicators of the upcoming or current altcoin season.
✴️ Altcoin performance relative to BTC. Some indicators analyze the relative price performance of top altcoins and determine whether they outperform or underperform BTC over a given period of time. If they consistently outperform, it's a good signal that altcoin season is here.