Recent market dynamics in the crypto space have shown a return of bullish momentum, particularly for Bitcoin. This has led to speculation of an impending altcoin season, indicated by a daily death cross in Bitcoin's dominance. A death cross occurs when a short-term moving average crosses below a long-term moving average, signaling potential bearish momentum. The current death cross is forming at a macro high, with historical precedent suggesting that it could precede a shift in market momentum towards altcoins. In the past, similar occurrences have led to a drop in Bitcoin dominance and a rally in the altcoin market. However, Bitcoin still dominates in terms of market inflows, although recent performances of XRP, Dogecoin, and Solana pose a threat. Ethereum, on the other hand, has yet to manifest a similar rally. Another analyst also points to the onset of an altseason, highlighting the current six-month candlestick as a potential turning point for altcoin rallies. Overall, there are indications of a possible altcoin market rally, but it remains to be seen how things will unfold.



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