Altcoin Season Could Be Near as Key Market Signals Emerge

A well-known crypto analyst, TechDev, believes the long-anticipated altcoin season may soon arrive, citing rare market signals that previously appeared in 2017 and 2021.

These signals suggest altcoins could significantly outperform Bitcoin in the months ahead.

TechDev highlights that altcoin booms followed Bitcoin’s six-month highs after surpassing its previous cycle peaks. Historically, this pattern has occurred about 1,280 days after Bitcoin’s cycle top, leading to a sharp decline in Bitcoin’s market dominance (BTC.D). Such drops indicate altcoins gaining value faster than Bitcoin, marking the start of altcoin season.

Another indicator for altcoin rallies, according to TechDev, is Bitcoin touching the upper range of its Bollinger Bands on the weekly chart. These bands, used to measure market volatility, have historically aligned with steep six-month altcoin runs, signaling periods of heightened activity and price surges.

The analyst predicts substantial growth in the TOTAL2 chart, which tracks the combined market cap of all cryptocurrencies excluding Bitcoin and stablecoins. If these patterns hold, the coming months could see altcoins taking center stage, offering significant opportunities for investors.