This chart views the Bitcoin Dominance, it calculates Bitcoin's current share of the global cryptocurrency market cap.
As you can see the Bitcoin Dominance chart is at resistance from a weekly consolidation zone.
If we break this resistance level we can see a continuation in the Bitcoin price towards 30K and beyond while most of the money flows from Alts into BTC.
During a typical bull cycle money will flow into Bitcoin while most of the alt-coins do not have much action. Then when Bitcoin starts to come back down money will flow from Bitcoin back into the Alt-coins.
Keep your eyes on this significant level. A break from this consolidation will provide us more insight on the movement of the cryptocurrency market.
it doesn't need to break that resistance in order to perform a bull market. p.s. money doesn't come to alts after bitcoin if it doesn't rise again, sth like 2021 summer.