Crypto industry analysts are once again predicting an "altcoin season," but it may be premature to get too optimistic. In the previous market cycle, altcoins and their Bitcoin pairs hit their lowest points in June 2019, right before the United States Federal Reserve reduced interest rates.

The current chart patterns resemble those from that period, suggesting a potential final drop in altcoin values before the Fed's upcoming rate decision on June 12. However, recent declines in both crypto and stock markets, triggered by U.S. jobs data, could indicate that the Fed might decide not to adjust rates.