Bitcoin dominance charts moving sideways may be a reversal signal that could kick off altseason say analysts.
Crypto's famed “altseason” — a time during bull markets when smaller-cap cryptocurrencies skyrocket in value — could be coming very soon, according to market analysts.
On April 11, trader and analyst ‘Rekt Capital’ observed that the altcoin market capitalization “has been the only constant” despite Bitcoin’s (BTC) price whipsawing over the past few weeks. It has been consistently retesting the $315 billion level as support for weeks now, he added.
Crypto traders have been keenly observing altcoin markets as they represent higher risk-to-reward returns, with many expected to surge during the next phase of the bull market.
