Date Given for Altcoin Season: They Will Rise Even if Bitcoin Falls! - Koin Bulletin

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The analyst indicated that a full-fledged altcoin season will begin in June, suggesting that even if Bitcoin (BTC) falls, altcoin prices will rise.

In recent weeks, the significant decline in Bitcoin's dominance in the cryptocurrency markets has caused investors to shift their interest to alternative cryptocurrencies. According to TradingView data, the Bitcoin dominance rate dropped from around 65% to 62% in just one week, ending a five-month upward trend. During this period, the total value of the cryptocurrency market increased from $2.90 trillion to $3.24 trillion.

Joao Wedson, the founder and CEO of the Alphractal platform, believes that the altcoin season has actually already begun. According to the special altcoin season index developed by Wedson, 37 out of 57 altcoins tracked have performed better than Bitcoin in the last 60 days. This situation is regarded as a concrete indication that investors are turning to different cryptocurrencies instead of Bitcoin.

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Wedson suggests that although there is a decline in Bitcoin prices in the markets, altcoins have reached their bottom levels and will not fall below the current levels. Therefore, the analyst states that a portion of Bitcoin's massive market value, which reaches 2 trillion dollars, will flow towards altcoins, emphasizing that investors should closely monitor Bitcoin pairs, especially ETH/BTC or COTI/BTC.

According to the expert analyst, while a rapid decline in Bitcoin dominance is expected in the coming months, it seems possible for investors to maximize their benefits from the altcoin season by diversifying their portfolios.