Apart from a brief $18,100 test on Dec. 1, Bitcoin (BTC) markets remained relatively calm over the week. This suggests that investors are beginning to realize that a more extended period of consolidation could be possible after a 77% hike since October.
Whenever the Bitcoin price stabilizes, there is always an increased expectation of an altcoin rally. That hasn't been the case recently, as BTC dominance increased by 0.8% to 63.6% this week.