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Current market conditions show that Bitcoin (BTC) dominance is still strong, and investors are commenting that it is still time for the expected "Altcoin Season" to fully begin.
What is Altcoin Season?
Altcoin season generally refers to a period in which Bitcoin's market dominance (dominance) decreases and altcoins gain value faster and at higher rates than Bitcoin during this process. During this period, investors can direct their capital to altcoins in search of higher return potential.
Current Situation and Expectations:
The Bitcoin dominance reaching certain resistance levels and then retreating from there has historically been interpreted as an opportunity for altcoins. However, current data shows that Bitcoin maintains its strength in the market. This indicates that a fully ripe ground has not yet been formed for the altcoin season.
Market observers and analysts state that a significant decline in Bitcoin dominance and a more general acceleration in altcoin markets are required for the altcoin season to begin. This process may change depending on macroeconomic factors, general sentiment in the cryptocurrency market, and Bitcoin's own price movements. As an investor who closely follows the cryptocurrency market, it is important to shape your investment strategy by considering the developments in Bitcoin dominance and market dynamics.