Alt season excitement is building as Bitcoin (BTC) nears the $95K mark following a swift 10% surge in just two days. The bullish momentum has sparked investor optimism, with one analyst suggesting that this could trigger a perfect storm, setting the stage for a powerful rally in altcoins.
Analyst Outlines Trigger for Alt Season as Bitcoin Climbs Toward $95K
As Bitcoin pushes toward the $95,000 mark after a sharp climb from the low $80Ks in just 48 hours, speculation is mounting about an incoming alt season. The surge has led many investors to believe that crypto markets may be decoupling from traditional stocks, especially amid escalating tariff tensions under Trump’s policies.
In a recent analysis, Dom’s Market Flow highlighted what needs to unfold for altcoins to experience a major breakout. According to him, Bitcoin must either consolidate within a range or gradually retrace. This pause in Bitcoin’s momentum could redirect profits into altcoins, igniting a broader rally across the crypto space.
“For alts to gain momentum, we need a slowdown in Bitcoin dominance,” he explained. “Right now, BTC is testing a local uptrend that began in April. If that breaks, it opens the door for altcoins to surge.”
The analyst emphasized that a cooling of Bitcoin’s dominance is the key signal that could spark the long-awaited alt season.
When Will Alt Season Start?
Following Bitcoin’s drop below $80K, the altcoin market experienced a death cross as the 50-day SMA fell below the 200-day SMA. Although a golden cross hasn’t formed yet, the market cap for altcoins has moved back above the 50-day SMA, signaling a potential uptrend.
CoinGlass’ alt season index is currently at 18, indicating strong Bitcoin dominance. As one analyst pointed out, for altcoins to rally, Bitcoin’s price momentum and dominance must cool down.
Altseason Index
In summary: the altcoin rally may still be in its early stages. The recent rise appears to be driven by Bitcoin’s lead, signaling the beginning of a potential broader uptrend. Investors who have already positioned themselves, or those who choose to do so now, could see significant gains by staying patient.