Drop in Bitcoin dominance and bullish altcoin market structure have traders predicting altseason
Analysts believe that a new altcoin season is entering its early stages. Cointelegraph digs into the data.
Altcoins have displayed strength following Bitcoin’s recent recovery over the past month. This has lead analysts to suggest that the market might be on the brink of an altcoin season.
“The past few days have been very bullish for many #Altcoins!” ParabolicPump, co-founder of Crypto Capital, said in a Sept. 23 post on X.
Popular trader 360Trader observed that TOTAL3, the total crypto market capitalization excluding BTC and ETH, had retested the upper boundary of a falling channel.
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Author: Nancy Lubale
