Notice that BTC dominance (BTC.D) appears to be breaking lower from a bearish wave B triangle into wave C, while the altcoin dominance (OTHERS.D) chart may be preparing to resume higher within the steepest portion of wave (iii) of iii in a five-wave bullish impulse. This structure suggests that altcoins could begin to significantly outperform Bitcoin, which is typical during an altseason. However, for an altseason to be confirmed, at least in the short term, we still need to see a stronger recovery in Bitcoin and across the broader cryptocurrency market.
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