Rekt Capital: Bitcoin trend change will trigger the growth of the altcoin market

Analysts predict significant growth of the altcoin market if one of the key Bitcoin indicators changes the trend. According to crypto trader Rekt Capital, the Bitcoin dominance index (BTC.D) may enter a downward phase after reaching a historical peak, which will create favorable conditions for altcoins.

Currently, Bitcoin accounts for 61.86% of the total capitalization of the crypto market. This indicator allows traders to assess whether altcoins are more profitable than BTC. The expert notes that even in the uptrend of BTC. D, short-term corrections are possible, which can contribute to the growth of the alternative cryptocurrency market.

According to Rekt Capital, Bitcoin will dominate the market up to 71% in the coming months. However, during short downturns, altcoins will have opportunities for local upsurges. It is expected that after reaching 71%, Bitcoin’s dominance will be followed by a sharp decline, which may lead to the so-called «alt-season» — a period when alternative coins show significant growth.

The analyst also recalls that according to historical data, every time BTC. D entered the 58−71% range, it reached 71% before a sharp pullback. This has happened three times in the market’s history, which supports the assumption of future growth of altcoins.

Thus, investors should keep a close eye on the level of Bitcoin’s dominance. If it reaches 71% and a correction begins, the market may enter a new phase of active growth for altcoins.