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Analysts eye altseason as Bitcoin dominance ‘massive decline is around the corner’

Bitcoin (BTC) is struggling near the $100,000 price level, leading analysts to predict an altcoin season, where other cryptocurrencies outperform BTC. The decline in Bitcoin dominance (BTC.D) is seen as an indicator of an altseason, with analysts like Mikybull and Michaël van de Poppe expecting a significant decline in BTC.D. Traders and analysts believe that altcoins will continue to gain momentum in the coming weeks, with Jelle highlighting a bullish pennant pattern for altcoins. The possibility of US-based altcoins being added to the US Treasury reserves instead of Bitcoin is also fueling bullish expectations. However, investors are warned to exercise caution as many altcoins lack solid fundamentals and pose higher risks.

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