Bitcoin’s recent rallies failed to ignite significant altcoin surges, but market indicators now suggest a shift toward altcoin strength. Bitcoin dominance is declining, which historically signals a possible transition to altcoin season as smaller cryptos gain traction. Historical data hints that a breakout in market consolidation could trigger a long-anticipated altcoin rally in the coming weeks or months. As the crypto market develops, attention shifts to whether altcoin season is around the corner. Large rallies in the price of Bitcoin normally come before an upward shift in prices from altcoins.

The performances of altcoins, when Bitcoin had its recent run-ups, have been fairly muted. A recent tweet by Negentropic, a co-founder of Glassnode and Swissblock, suggests that expectations of the next altcoin season are not that far away. The user indicates that previous run-ups in the price of Bitcoin have not seen significant rallies in altcoins. However, he intimates that a strong altcoin market might finally support Bitcoin’s next ascent toward breaking its previous all-time highs. A recent YouTube video looks at a historical graph to forecast when the altcoin season might start.

The presenter analyzes the current market, pointing out that while Bitcoin has reached new highs, the total cryptocurrency market cap has not yet achieved its peak. This, according to the analysis, suggests that a breakout in the current market consolidation could mark the beginning of a big period for altcoins. There is a downtrend in Bitcoin dominance presented in the video, signaling a probable switch to altcoin strength. The speaker insinuates that in the coming weeks or months, the performance of altcoins could outperform, influenced by many external factors.

At press time, Bitcoin trades at $60,203.80, up 0.81% in the last 24 hours and 11.35% in the last week. The latest price, combined with the right market sentiment, sets the stage for arguments in favor of an altcoin season.