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Bitcoin dominance will melt for altcoins season to start. Do you agree?
by
BtcAnalyst1
on 30/05/2025, 14:31:29 UTC
Most professional traders/investors believe that the much anticipated altcoins season will not commence except there are reasonable melt down of the dominance index rates. As a matters of facts, Bitcoin dominance index rate is still bullish at 63% as at the time of writing.
Some time ago many traders, retail investors and holders thought that altcoins season has ended earlier this year, but I have contrary opinion, i think that altcoins season is yet to commerce, though no technical indicator to validate my opinion, but based on past experiences of the past season, there could be reason to believe that altcoins may be loading waiting to commence any time this year. What are your thoughts?