The altcoin market remains under heavy selling pressure, with investors reacting cautiously to the Federal Reserve’s delayed rate cuts and declining dollar liquidity. However, some analysts believe that a massive altseason could be just around the corner, with the next few weeks proving crucial for market direction.
Will Altcoins Continue to Decline?
Major altcoins, including Ethereum (ETH), XRP, Solana (SOL), Dogecoin (DOGE), and Cardano (ADA), have dropped 3-4% in the last 24 hours. As Bitcoin dominance increases, panic selling in the altcoin market persists. While this has sparked fear among investors, some experts believe it is only temporary. Historical trends indicate that similar market conditions have preceded strong rallies.
According to 10x Research, Bitcoin’s weakness could drag altcoins even lower. Additionally, the Federal Reserve’s decision to delay rate cuts and low liquidity conditions are discouraging investors from entering the crypto market. Technical indicators suggest that altcoins could face further downside, although some long-term investors see this as a buying opportunity.
Can Bitcoin Dominance Hit 71%?
Popular analyst Rekt Capital predicts that Bitcoin dominance could rise to 71%. Historically, whenever Bitcoin reached this level, the altcoin market experienced a significant rally. If this pattern repeats, an altcoin surge might be imminent.
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However, if Bitcoin dominance continues to climb, altcoins could face an additional 5-10% decline in the short term. Rekt Capital suggests that once Bitcoin’s dominance peaks, the real altcoin rally could finally begin. Currently, Bitcoin is trading at $97,320, and its price action in the coming days will play a crucial role in shaping the altcoin market’s direction.
Analysts Remain Optimistic About Altseason
Despite recent sharp declines, market analysts remain hopeful about a major altcoin breakout. The analyst known as Titan of Crypto has identified a massive cup and handle formation in the altcoin market, a technical pattern often preceding strong rallies.
This setup could signal a major bull run ahead. According to the analyst, “Most investors are not prepared for the next big move,” emphasizing that altseason may be closer than many anticipate. If this prediction holds true, traders could see substantial gains. However, uncertainty remains, and investors should closely monitor Bitcoin dominance and altcoin price movements.
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The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
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