Bitcoin price is gathering strength as its dominance rate bounced from recent lows, possibly bringing a close to the altcoin season. As the price of Bitcoin (BTC) soared above $11,000 on Sept. 16, the altcoin market suffered mightily. Some analysts believe that profits from the extended altcoin and decentralized finance (DeFi) rally may have cycled into BTC. After major bull cycles or the so-called “altseason”,the dominance index of Bitcoin tends to recover. When it does, it often leads BTC to outperform many altcoins in the global market. The dominance index of Bitcoin. Source: TradingView.com In the past two weeks, Bitcoin’s…