As we reported at Kriptokoin.com , Bitcoin broke a record by reaching a new peak this week. However, the market dominance of the leading cryptocurrency has started to decline. This situation has created excitement among investors that the Altcoin Season (AltSeason) is approaching. Altcoins are starting to show that they have the power to shake Bitcoin’s throne. This change in the market is causing investors to turn their route to altcoins.
Bitcoin Dominance Declining
Analysts have identified bearish signals in Bitcoin’s market dominance. MikyBull Crypto, in particular, noted that Bitcoin dominance is approaching a bearish MACD crossover. Historically, this crossover heralds the beginning of Altcoin Season. Furthermore, the analyst explained that this situation has accelerated with the post-election atmosphere. The post-election period usually sets the stage for a strong rally for altcoins.
Another analyst named IncomeSharks supports this view. He says that Bitcoin’s dominance is decreasing and there is a momentum shift towards altcoins. He recommends investors to invest in altcoins and hold them throughout November. This strategy may make it possible to take positions before the official start of Altcoin Season.
When Does Altcoin Season Start?
The Altcoin Season Index shows that AltSeason has not yet truly begun. The index states that 75 percent of the 50 major altcoins should outperform Bitcoin . Currently, only 19 altcoins have outperformed Bitcoin. Further strength from altcoins will signal the official start of this season.
However, Bitcoin still has a significant impact. If institutional investors ’ interest in Bitcoin increases, Altcoin Season may be postponed to a later date. This means that investors’ short-term gains from altcoins may be delayed. Market dynamics need to mature further for altcoins to start a strong rally.
Can It Be Postponed To 2025?
If institutional interest in Bitcoin continues to grow rapidly, Altcoin Season is likely to be postponed until 2025. The intense interest in BTC will re-increase Bitcoin’s market dominance, which will cause altcoins to remain on hold for a while longer.
However, in the long term, investors will continue to want to diversify their altcoins. When market conditions turn in favor of altcoins, Altcoin Season will return stronger than expected. Therefore, investors should be prepared for both scenarios. However, it is important to remember the volatile nature of cryptocurrency markets. It is important for investors to invest by considering this structure and risks. However, investors should do their own research.
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