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Jakarta, Pintu News – Bitcoin’s (BTC) upward rally to $111,970 has rekindled hopes of a long-awaited alt-season.
Although the crypto king is leading this rally, analysts warn that the altcoin market is not fully ready to follow suit-at least for now.
The rest of thisbull cycle will most likely depend on one crucial signal: a decline in Bitcoin’s dominance, potentially triggering a massive rotation into altcoins.
According to crypto analyst Kyledoops of Crypto Banter, the current Bitcoin market cycle is estimated to have reached around 75-80%, with the last 20% potentially bringing an explosive price surge.
Read also: This Coffee Shop Just Spent $1.17 Billion on Bitcoin — Is It Genius or Insane?
In a recent podcast, he projected a strong Wave 3 movement that could push Bitcoin price to the $125,000-$130,000 range in September, supported by bullish indicators such as Market Cipher B, increased fund flows, and the appearance of green dots on the weekly chart.
With the S&P 500 index and other major stocks setting all-time record highs, Bitcoin seems poised to follow this upward momentum. However, for altcoins to really rally, a decline in Bitcoin’s dominance-which is currently nearing the top of a rising wedge pattern in the 66%-69% range-is considered essential.
Rejection of these levels, according to analysts, could mark the beginning of the real alt-season.
Although the broad strength in the altcoin market is still not fully visible, some tokens are starting to show bullish movement patterns:

Some meme coins show significant movement:
Read also: 3 Explosive Crypto Gainers on CoinGecko You Can’t Afford to Miss This July!
Kyledoops emphasizes that most altcoins are currently still in the accumulation phase, and a massive rally is not likely until Bitcoin’s dominance weakens and the SPX500 index confirms continued momentum.
Although the market structure towards the alt-season is taking shape, analysts caution that timing is everything.
The next few months could be a golden opportunity-but only for those who are patient and keep a close eye on key indicators.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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