The bitcoin price is looking very bullish and there is higher possibility that dominance rate will increase. Since this year Bitcoin rate has been performing very well with no signs of it coming down anytime this year. As at the time of writing this post, dominance rate is standing around 59.80%. which is very high for altcoins to pump.
Having said that, I am of the opinion that despite the current Bitcoin up trends movements, there are still strong demands
for btc, with no much supply going into the market. Do you think altcoins season is still likely to happen this year?
Honestly speaking, the price of bitcoin so far has been really bullish, if you are going to check the market now, but I am pretty sure that it will go through a correction for sure again. You know the market price behavior when many people expect bitcoin's price hike to continue, it will also have a retracement in its price in the market.
These are the commonly happened in this industry, some may not notice it much and others may also notice it. But even so, they say if you don't want a headache, don't compete with experienced traders, just stay as a long-term holder.