Is Altcoin season again after Bitcoin’s dominance decreased by 2 %? star-news.press/wp

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The performance of Altcoin market has been relatively good against Bitcoin since June 27, but it was not close to the Altcoin season that we saw in the previous two sessions. Cap Market Cap and Bitcoin gave Bitcoin vital evidence when this season arrives.

The long -awaited altcoin season was not here. On the contrary, Bitcoin (BTC) continued to make the highest new levels ever. You will need to enter a standardization stage to allow the capital to rotate to Altcoins, which can allow the altcoin market after that.

The last gathering occurred last 122 thousand dollars without increasing the temperature of the Bitcoin market. This means that the assembly had legs, and Altcoin investors should wait for their role. However, everything may not be death and depression for them.

Especially since ETHEREUM (ETH) has been charged to $ 3,000, and can separate from the back of heavy demand. The ETH crowd can help the altcoin season.

Altcoin season index, Trends Bitcoin Trends South

source: Blockchain Center

At the time of this report, the data revealed that the Altcoin season index is still low. Reading below 25 means the BTC season, while reading above 75 is required to refer to the Altcoin season.

The last time this happened in November 2024. At the time of this report, the index was just higher than 30, a level that has not been convincing it since March.

Source: BTC.D on TradingView

To understand whether the Altcoin season can advance, Bitcoin can be studied.

The BTC.D decrease shows the maximum Altcoin market faster than Bitcoin. This was the case since June 27. The BTC.D scale decreased by only 2.07 % in slightly more than two weeks. However, the effect is already deep.

Source: total2 on Tradingview

The Altcoin market expanded more than the maximum resistance area of the market of $ 1.25 trillion. From the perspective of technical analysis, this main resistance may be an early sign of the upper intention. It may be very likely to expand the maximum Altcoin market to challenge the highest level in December at $ 1.64 trillion in the coming weeks.

In order to happen, Bitcoin will need to grow more. Altcoin holders want to see a large gathering of Bitcoin, which leads to the encryption market. The last weeks of this gathering usually lead to the rotation of the capital that sends altcoins have gained complications in value in a short time – the altcoin season.

Source: BTC.D on TradingView

This phenomenon is usually accompanied by free fall in BTC.D, as shown above.

The last months of 2017 and the first half of 2021 have seen both BTC.D to 40 %. At the time of writing this report, BTC.D was 64.65 %, a long road of 40 %. Thus, it is still unclear whether this course will be different. Only the time will say.