Bitcoin's dominance over the cryptocurrency market has reached 60%, sparking speculation about a potential "alt season" where altcoins outperform Bitcoin. Despite recent institutional interest, altcoins have seen limited traction, leading to undervaluation. Historical patterns show that altcoins often surge after Bitcoin's price peaks, as seen during the 2021 bull run with Cardano, Dogecoin, and Algorand. Analysts believe that if Bitcoin's dominance declines, it could trigger an altcoin rally. Bitcoin's current dominance level of 60% is seen as a resistance point, and a reversal could lead to an altcoin rally starting in November and lasting until March 2025. However, readers are advised to exercise caution and seek professional advice.
- Content Editor ( coinedition.com )
- 2024-11-14
Bitcoin Dominance at 60% Sparks Altseason Predictions