Altcoins may have just hit rock bottom — and that might be great news for crypto traders. According to popular analyst Michael van de Poppe, market signals are now pointing to a turnaround.
While some analysts warn that Bitcoin’s growing dominance is delaying the altcoin season. Could things be finally shifting in favor of altcoins?
Let’s break it all down.
Gold Drops, Altcoins Ready to Rise?
Van de Poppe points out that traditional markets, especially gold, are weakening. Gold has failed to break above $3,365 and is now trending lower. Poppe says this downtrend could be a good sign for riskier assets like altcoins, especially if economic data turns worse and rate cuts are announced.
Meanwhile, further fed rate cuts would mean more liquidity in the market — often good news for altcoins.
Van de Poppe also shared another chart showing the OTHERS/BTC ratio (which tracks altcoins vs. Bitcoin) forming a strong base. He believes we’re in the final phase of a bottoming process, supported by bullish divergence on the charts.
This pattern has marked previous cycle lows — and each time, altcoins staged a strong comeback shortly after.
Bitcoin Dominance Slowing Altcoin Progress
On the flip side, crypto analyst Tony Severino suggests that Bitcoin’s dominance in the crypto market recently touched 65.66%. That’s a strong signal that Bitcoin is still leading the pack, especially with the Relative Strength Index (RSI) reading around 60 on major timeframes.
Severino warns that as long as these conditions hold, altcoins will likely remain stuck.
Looking at the altcoin season index, it currently stands at 22, suggesting bitcoin is dominating the market.
