Bitcoin Liquidity Shifts to Altcoins: Altcoin Season Expected in 2-3 Months

As Bitcoin (BTC) price briefly rose above $63,000 on Monday,

the total cryptocurrency market cap rose by about 2% to hover around $2.42 trillion.

The much-anticipated alt season could materialize between July and August.

Most altcoins have already completed an overall correction of 40% to 50%, and are therefore well-prepared for a rally.

Amid rising Bitcoin dominance, the narrowing divergence on the daily relative strength index (RSI) is a leading indicator of an inevitable reversal.  

As the market continues to move sideways, high-impact news such as tomorrow’s U.S. Consumer Price Index (CPI) data will heighten overall volatility.

The ultimate altcoin trigger will be a reversal in the ETH/BTC pair on the weekly timeframe.

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