Two Key Factors Signal the Start of Altcoin Season – BitRss

The founders of the on-chain analysis platform Glassnode highlight that two critical catalysts are necessary for the official onset of the altcoin season. Jan Happel and Yann Alleman discussed these conditions in a recent post on social media platform X.

When Will the Altcoin Bull Market Arrive?

The founders stated that a decline in Bitcoin’s market dominance is the first condition for the altcoin season to begin. A decrease in Bitcoin’s share within the market may lead to increased interest in altcoins. They also emphasized that Bitcoin’s price should remain steadily above $100,000, which is considered a positive indicator for the overall health of the market.

“As seen in previous wave periods, altcoins can become prominent when Bitcoin’s dominance decreases.” – Jan Happel and Yann Alleman

However, Happel and Alleman pointed out that Bitcoin’s recent price surge and increase in market dominance have delayed the onset of the altcoin season. At the time of writing, Bitcoin $