Altcoin Season Poised to Arrive? Analyst Offers Counterargument Amid Crypto Dip

Despite the current downturn in the crypto market, a prominent analyst is suggesting an altcoin season may be brewing. Bitcoin’s recent decline below $90,000 and a significant drop in BTC dominance are fueling speculation about the potential for a shift in investor sentiment towards alternative cryptocurrencies. 2019’s historical patterns have been cited as evidence of this possibility. Bitcoin’s struggle at its 20-week moving average, similar to previous market bottoms, has led some analysts to suggest that altcoins could outperform as the Bitcoin price stabilizes.