: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 âhas been the only constantâ despite Bitcoinâs 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 BitcoinâŻâŻâŻ, 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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