Discover why Bitcoin’s surge to $95k needs to cool down for altcoins to explode and pave the way for the start of altseason.
With Bitcoin (BTC) approaching $95k after a 10% rise in two days, hopes for a sustained uptrend have led investors to speculate about an altcoin season for the cryptocurrency market. If this materializes, as one analyst explains, it could result in a perfect storm that will propel altcoins upward.
Expert Explains When Altcoins Will Explode as Bitcoin Approaches $95k
An analyst from Dom’s Market Flow observed what needs to happen for cryptocurrencies to explode. Bitcoin’s rise from $80k to $95k in just two days has led investors to speculate on decoupling from the U.S. stock market amid Trump’s tariff tensions. With the cryptocurrency market showing signs of optimism, the next logical step is for altcoins to explode. But will this happen?
Dom’s Market Flow added that, for altcoins to rise, Bitcoin needs to enter a limited price range or slowly retreat. This movement will allow capital and profits to flow to other cryptocurrencies, initiating a bull run.
“As for alts, we need to see a slowdown in $BTC dominance. Right now, it is trying to break out of the local uptrend since April. This would allow alts to recover.”
According to analysts, a drop in Bitcoin’s dominance will trigger this altseason.
When Will Altseason Begin?
Based on the altcoin market, Bitcoin’s recent drop below $80k caused a death cross between the 50- and 200-day Simple Moving Averages. Although a golden cross has not yet been identified, the market value of altcoins has recovered above the 50-day SMA, suggesting the beginning of an uptrend.
The CoinGlass altcoin index is around 18, which shows that Bitcoin dominance is very high. This brings us back to the analyst’s quote about how the BTC rally needs to cool down, as does BTC dominance, for altcoins to start rising.
Altseason Index
In conclusion, investors should note that there is still time for altcoins to recover. The recent rally is just the beginning of the uptrend, due to Bitcoin’s leadership. Therefore, patient investors who have accumulated or are accumulating now can make a lot of profit if they are patient.
