Bitcoin's dominance in the cryptocurrency market is approaching what some analysts believe to be a cycle top. This signifies a potential shift towards what is known as 'altcoin season'.
An altcoin season occurs when alternative cryptocurrencies (altcoins) begin outperforming Bitcoin in terms of market growth and price increases. This often happens when Bitcoin's market dominance declines.
Signs of an inbound altcoin season can include a break in the bullish structure of Bitcoin's dominance (BTC.D). Such a break would imply that altcoins may soon capture a larger share of market investment compared to Bitcoin.
Investors often watch these market dynamics closely, looking for strategic opportunities to maximize gains by shifting their holdings between Bitcoin and altcoins.
