:Technical charts suggest a roaring altseason may be just ahead

Analysts

Bitcoin dominance charts moving sideways may be a reversal signal that could kick off #altseason, say analysts.

On April 11, trader and analyst Rekt Capital observed that the #altcoin market cap “has been the only constant” despite Bitcoin’s 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.

Historically, altcoin price appreciation lags Bitcoin   , and charts such as the altcoin market capitalization and Bitcoin dominance can provide traders some signals for when altcoins may be moving into a bull season of their own.

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