The most important thing for me in the current market conditions is that Bitcoin dominance has become a villain for all investors. The way Bitcoin dominance is pumping upwards right now is causing serious bleeding in all altcoins. Even though Bitcoin is currently priced at over $160,000, one of the reasons why every coin is bleeding is because of Bitcoin dominance. Although everyone expected Bitcoin dominance to go down instead of up, it is pushing everyone's thoughts away and it is only going up. The way Bitcoin dominance is pumping, it is becoming impossible to control it and who knows where it will stop?
[source](https://pixabay.com/photos/stock-trading-investing-stock-market-6525084/)
What I think is most important right now is that we need to keep an eye on Bitcoin dominance. If we want to buy any coin in the market, I think the thing we should pay the most attention to is Bitcoin dominance. Because right now, the way Bitcoin dominance is breaking all the rules and rising upwards is making all the market analysis wrong. Although we saw Bitcoin dominance go down a little in the last few days and we saw a good momentum among all the coins and the entire market was covered in green. However, in a short time, when Bitcoin dominance started going upwards again despite there being no bad news in the market, the bloodshed started among the coins.
All investors expected the bull market to start from the beginning of this year. Although we saw some momentum in the coins, it was not a bull fight. Many even have doubts about whether the bull market will start this year at all! Of course, this doubt is not a bad thing because the situation in the market seems to be such that we cannot expect anything good. However, one thing is that every four years, people eagerly wait for this time, if it does not come, then the amount of investment in these markets will decrease day by day. Anyway, finally, we are optimistic that no matter how late it is, we hope that we will see the bull fight this year. And very soon, we hope that Bitcoin dominance will continue to decrease and we will see the market filled with green. So at this moment, we should pay close attention to the decrease or increase in Bitcoin dominance. Then we will be able to take the next steps well.
