This is the date when Alts were at their peak with bitcoin dominance being pushed down to all time low 35%.
This was also the date when its a day before when bitcoin bubble popped from the Dec 2017 $20k all time high to losing 75% of its value few weeks later.
Questions are:
- Can we get another similar Alt season bull market when btc is volatility consolidating at new all time highs before the bitcoin bubble gets popped like above? Or is this start of a new bull market for btc where we have to wait till next year or 2022 for another alt season peak when btc is hovering at $100k or whatever new ath it hits?
- Lets take the Benchmark Alt coin Ethereum. The price difference ratio between Eth and Btc is high now like $650 to $23000. In the 2017/18 bull market Eth was $1400 to btc $20k. Are Alts dying and BTC will be king?
- Lastly I remember in 2017/18 Alt season all the Alts were being pumped where people can very rich from this. Will it be a different story for Alts this time coming into this new bull market where only the good fundamentally altcoins will be pumped only and shitcoins this time will stay the same flat dead line?
- Best time to sell Alts when Bitcoin dominance is at its lows? This is the best indicator for selling alts?
No need to lose hope my friend because the way market has been performing recently im quite hopeful that the big altcoin bull season is just round the corner and it may trigger earlier than most people were expecting.