The Bitcoin dominance is right on track for this bear market, like in 2015 and 2019, and historically it will only continue to increase until the Bull Market.

Bitcoin being the king of Crypto is not just some interesting catchphrase, but the raw reality too. Through over one decade of Crypto history still no one could challenage BTC and thus one of the most important metrics in Crypto and for the prediction of market cycle has become the Bitcoin dominance.

The Bitcoin dominance showcases the market share that the BTC market cap has of the whole Crypto market cap. In bear markets we usually tend to see an increase in BTC dominance as altcoins tend to fall way more and BTC remains relatively stable in comparison to them. (Mostly a 70%decline for BTC against a 90%+ decline for alts)

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The BTC Dominance chart by Benjamin Cowen

This chart from the much known Crypto youtuber and also one of the better ones, Benjamin Cowen, includes the average of the Bitcoin Dominance performance of the years 2015 and 2019, which were the years preceding their respective bull markets.

Seems like we are following about the same trajectory, but with a bit lower BTC dominance, which makes sense as alts over time will keep winning, which is just a sign of a very competitive market. If we follow this trajectory, we can expects alts to just bleed further in this bear market, which we are seeing even right now.