#BTC十天内突破8万
Once Bitcoin's trading price surpasses $80,000, the altcoin market may find its footing.
Bitcoin at $67,713, a cryptocurrency investment firm stated that breaking the current historical high of $73,679 is insufficient to trigger altcoin season.
"In an optimistic scenario, altcoin season is more likely to arrive when Bitcoin's price exceeds $80,000."
An 18% increase in Bitcoin's price could trigger altcoin season.
The target price of $80,000 is about 18% higher than its current price of $67,331, and analysts believe that Bitcoin's dominance may need to reach between 62% and 70% for altcoin season to begin.
Currently, Bitcoin's dominance is about 58.94%, having previously reached a three-and-a-half-year high of 58.77%.
Some analysts believe that the peak season for altcoins is long overdue. Michael van de Poppe, founder of MN Trading Capital, stated in an X post: "This is the longest altcoin bear market we have ever experienced. It’s longer than the 2014-2016 period, and we are still in a bear market now."
In the past seven days, several memecoins among the top 100 cryptocurrencies by market capitalization have seen significant price increases, making market participants more confident that altcoin season is approaching.
This altseason may look different.
Goatseus Maximus (GOAT) had the highest increase in the past seven days, rising 160.13% with a trading price of $0.74.
Following closely is Cat in a dogs world (MEW), which rose 25.58% in seven days, while Popcat (SOL) (POPCAT) increased 17.13% in the same period.
