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Is the alt season or the altcoin festival coming?
The short-term alt season is coming, because $BTC will continue to fluctuate to regain market share.
The mid-term alt season is coming because the funds from interest rate cuts are about to flow in, inundating the market.
The market share of $BTC has reached a strong support level around 58%, showing a strong demand for rebounds. Therefore, recently we see that altcoins fall but do not rise. So, how can BTC continue to increase its market share? The most common way is through repeated fluctuations. Many altcoins without major market makers will mostly continue to hit new lows.
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