The post When Will Altcoin Season Begin After Bitcoin Price Hit ATH Above $111,000? appeared on BitcoinEthereumNews.com.
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artÃculo también está disponible en español. Crypto analyst Astronomer has provided insights into when the altcoin season will likely begin following the Bitcoin price’s rally to a new all-time high (ATH). His analysis indicated that BTC’s dominance is about to top, which will pave the way for altcoins to outperform the flagship crypto. Altcoin Season To Begin Soon As Bitcoin Price Hits New ATH In an X post, Astronomer predicted that the altcoin season is imminent, seeing as BTC’s dominance (BTC.D) has hit 65% following the Bitcoin price rally to a new ATH. The analyst remarked that BTC’s dominance will roll over slowly first, before dropping rather quickly after the flagship crypto loses momentum. Related Reading He is also confident that the altcoin season is coming soon because BTC.D is up seven weeks in a row and all green from the bottom, which means the Bitcoin price-led move is stretching long. From a counting perspective, Astronomer remarked that BTC is coming to the end of the transition period, and altcoins will likely make their bigger moves soon. The analyst noted that BTC.D has also nicely retested the quarterly breaker open. For now, he believes sentiment is certainly not ready for an altcoin season, seeing as only the Bitcoin bulls are loud. Astronomer added that the ETH bulls are quiet and that only coins that are Bitcoin liquidity-driven are talked about, including HYPE, WIF, and the Bitcoin price itself. Source: Astronomer on X He is confident…
