Altseass is still suspended with Bitcoin’s willingness to rise star-news.press/wp

Altseason, one of the most expected events in the Crypto Bull market, may remain suspended after modern ideas by some prominent market analysts. It is worth noting that the current encryption cycle showed little progress towards the real Altseass, with a strong bitcoin dominance, indicating a continuous preference among investors of the leading cryptocurrency on alternative digital assets.

Bitcoin dominance that tends to reach 74 %, Altseason is still out of reach

in X post On June 27, the famous market analyst with X Username Rekt Capital expected Bitcoin (BTC.D) to experience a fixed to 74 %. After the Bitcoin price decreased early last week, the analyst highlighted a 64 % successful re -test, noting that, historically, these tests usually follow a continuous increase without meaningful declines even even 71 % sign.

It is worth noting that this vision in the market indicates that Bitcoin is likely to continue to attract a tremendous flow of investment, indicating that Altseason may be a far -market concept. For context, Altseason specifies a period in the bull cycle when Altcoins excels on Bitcoin. It is generally referred to through a decrease in bitcoin dominance, which indicates a transformation in the capital of investors from the pioneer in the market to other encrypted currencies.

Altseason has been a major point of discussion in recent months like some analysts Quoting from The amazing increase in Altcoins in recent years as a major obstacle to the repetition of this achievement that was seen in 2017 and 2021. At the same time, other analysts have argued against this logic that although Altseass widely may be less likely, a more selective version includes strong offers of specific projects, on the table.

Meanwhile, another famous market expert with the X Daan Crypto username has highlighted the performance of Altcoin Market since 2024. Analyst. Explain Altcoins has been stuck in a side structure over the past eighteen months, and it lacks the clear budget momentum seen in the Bitcoin Market.

According to Daan Crypto, the main resistance level of the Altcoin market lies in about $ 1.27 trillion, which is higher than earlier in 2024. The confirmed collapse beyond this level can indicate the appetite of the investor’s renewable investor and pushing the structural momentum needed to start Altseass.

Overview of the encryption market

At the time of writing this report, the maximum value of the Crypto market is estimated at $ 3.24 trillion after an increase of 0.08 % last day. As a market leader, Bitcoin currently has the dominance of the market by 64.9 %. The remaining 35.1 % is calculated by the Altcoin market, which is currently estimated at $ 1.11 trillion.

Distinctive image from Plasbit, the tradingvief chart

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