Analysts are forecasting a significant breakout in the altcoin market as Bitcoin's dominance falls below 60%, marking the third MACD crossover in eight years. This trend indicates a potential shift in liquidity towards altcoins, with the total altcoin market cap approaching a critical resistance level of $1.46 trillion. If this level is breached, it could spark a rally comparable to or surpassing the 2021 bull run.
Supporting this outlook, Google search data reveals a 40-50% increase in altcoin-related searches in late September. This surge in interest coincides with historical patterns of robust cryptocurrency performance during October and November, suggesting a favorable environment for altcoin growth.
Analysts Anticipate Altcoin Surge as Bitcoin Dominance Declines
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