Altseason on the Horizon? Technical Signals Suggest Upcoming Rally

Bitcoin’s recent surge past $88,500 suggests a potential altcoin season is brewing. Analyst Miles Deutscher points to two key technical indicators that could drive significant altcoin rallies in coming weeks. Firstly, Bitcoin is experiencing divergence from U.S. equities, while the S&P 500 has dipped, driven by macroeconomic uncertainties and trade tensions. Bitcoin, however, has gained ground, exceeding $88,500 on Monday alone. This move aligns with a rising gold price that recently hit a record high, potentially reflecting BTC as a safe-haven asset.