Are we there but? Right here’s why one analyst says its not ‘altcoin season’ By Cointelegraph

Are we there but? Right here’s why one analyst says its not ‘altcoin season’

Few merchants would argue towards the truth that (BTC) is in a bull market, however there may be much less consensus on whether or not the market is within the midst of an “altcoin season.” A fast view of Crypto Twitter exhibits the schism between merchants who’re sure we’re midway by means of alt season and people who consider it has but to start.

Sometimes, merchants depend on a large swath of indicators and metrics, like Bitcoin’s complete market capitalization versus the entire altcoin market cap, Bitcoin’s dominance charge, and whether or not low-cap altcoins have rallied by a sure share.

Bitcoin market cap dominance weekly chart. Supply: TradingView, Jarvis Labs
weekly chart. Supply: TradingView, Jarvis Labs