Altcoin Season Anticipated Following Bitcoin’s New All-Time High
- Bitcoin’s dominance (BTC.D) has reached 65% after its price hit a new all-time high.
- Analyst Astronomer predicts BTC’s dominance will top out, leading to an altcoin season.
- Astronomer notes that BTC.D has been rising for seven consecutive weeks.
- Crypto analyst CrediBULL Crypto also expects an imminent altcoin season.
- CryptoVerse suggests Bitcoin may peak between $112,000 and $118,000 before altcoins rally in the fourth quarter.
With Bitcoin’s dominance at 65%, analysts anticipate an upcoming altcoin season as BTC approaches a potential market cycle peak. Altcoins are expected to gain momentum following this transition period.
Source (2.6)https://www.newsbtc.com/altcoin/when-altcoin-season-begins/?rand=52377
