Major cryptocurrency assets, excluding Bitcoin, usually known as Altcoins, are currently demonstrating strong momentum, rising significantly to pivotal levels in the past few days. While there is the belief that the tokens are surging due to a drop in Bitcoin’s dominance, several seasoned market experts think otherwise.

Has The Much-Awaited Altcoin Season Begun?

In an insightful prognosis concerning the much-anticipated altcoin season, Jamie Coutts, the chief crypto analyst at Real Vision, has shed light on the key factors that determine alt season. The crypto expert has debunked the widespread notion that altseason is solely determined by Bitcoin’s market dominance.

Jamie Coutts’ claims contradict traditional market viewpoints and inspire traders to take a more comprehensive approach when analyzing the likelihood of an altcoin season. This implies that Bitcoin’s dominance is not the definitive factor for forecasting altcoin rallies despite its capability to provide a general view of market sentiment.

According to the crypto analyst, alt season is based on market breadth, such as the number of digital assets outperforming BTC, rather than the widely believed Bitcoin dominance chart, which has recently witnessed a drop.

It is important to note that altseason typically occurs when the Altseason indicator rises above 50%, and the market is experiencing an upside trend. Meanwhile, the indicator is

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Author: Godspower Owie