As a researcher delving into the realm of cryptocurrencies, I’ve been closely observing the predictions made by the esteemed Crypto Analyst Astronomer. His recent insights suggest that the long-awaited ‘altcoin season’ might be on the horizon, following Bitcoin’s impressive surge to yet another all-time high (ATH). His analysis hints at a possible peak in BTC‘s dominance, implying that altcoins could potentially outshine Bitcoin in the near future.
Altcoin Season To Begin Soon As Bitcoin Price Hits New ATH
In a recent post on X, an astronomer suggested that the time for altcoins may be approaching soon. This is because Bitcoin’s dominance (BTC.D) has reached 65% following a surge in its price to a new all-time high (ATH). The analyst noted that Bitcoin’s dominance will gradually decrease initially, before experiencing a more rapid decline once the leading cryptocurrency starts to lose steam.
He’s equally certain that the altcoin rally is approaching as BTC.D has risen for seven consecutive weeks and appears entirely green from its base. This suggests that Bitcoin’s price surge is extending significantly. According to Astronomer, Bitcoin might be nearing the end of its transition phase, which could mean that altcoins are poised to make larger moves in the near future.
As a researcher studying cryptocurrency trends, I recently observed that BTC.D has tested the quarterly breaker open quite impressively. At this moment, it appears to me that the sentiment is not yet ripe for an altcoin season. The only voices dominating the conversation seem to be those of Bitcoin bulls. Interestingly, the ETH bulls seem relatively quiet at the moment, and the coins being discussed appear to be those primarily driven by Bitcoin’s liquidity, such as HYPE, WIF, and even the price of Bitcoin itself.
He strongly believes that 65% represents the peak for BTC.D, disregarding predictions of 67% and 70%. Given that Bitcoin’s price dominance is nearly 63%, Astronomer asserts his readiness for the apex, with altcoin season on the horizon. The analyst expressed that soon, these altcoins will make their significant moves until they regain prominence, peaking again.
Crypto expert CrediBULL Crypto is equally optimistic that the altcoin boom is just around the corner as Bitcoin’s price reaches a record high. In a recent post, he expressed his belief that every altcoin lagging behind in the market provides an opportunity for appreciation rather than a cause for concern.
BTC Is Forming A Top At Current Price Levels
According to a recent post by crypto expert CryptoVerse, the price of Bitcoin might be reaching its maximum at its current point. Although Bitcoin might still surge to approximately $112,000 to $118,000, CryptoVerse cautioned that this increase could signal the end of the cycle. Furthermore, CryptoVerse doesn’t anticipate a resurgence of altcoins until late in 2021.
According to CryptoVerse, it appears that the time for altcoins might start in the last three months of this year and end by the middle of the next one, based on global liquidity patterns. He also mentioned that while there may be brief surges, a significant rally is not expected to occur until later.
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2025-05-23 19:42