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**Deciphering the Status of Altcoin Season**

Apr 29, 2024

In the midst of the crypto market analyzing the aftermath of the fourth Bitcoin halving, there are evident changes in market dynamics that could potentially lead to an altcoin surge known as the alt season. Crypto analyst Michaël van de Poppe offers insights into the shifting patterns of Bitcoin dominance and how it could impact altcoins.

Van de Poppe predicts potential altcoin strength as indicated by fluctuations in Bitcoin dominance, hinting at a potential shift of capital from Bitcoin to other cryptocurrencies. Monitoring Bitcoin dominance is crucial as it serves as a key indicator of market sentiment and potential opportunities in altcoins. With Bitcoin currently holding a 50% dominance, Van de Poppe suggests that this presents a good buying opportunity for altcoins.

The analyst points out the historical implications of a rising wedge pattern in Bitcoin dominance. When this pattern breaks downward, it historically leads to strong performances in altcoins, signaling a change in market dynamics. Despite altcoins losing value when compared to Bitcoin over the past few months, Van de Poppe sees this as a favorable chance for investors.

Van de Poppe also delves into market rotations, illustrating how capital moves between different segments of the crypto market based on investor preferences and market conditions. By monitoring BTC pairs and analyzing trends in altcoin prices, traders can identify ideal entry and exit points to benefit from market movements.

In conclusion, Van de Poppe recommends compounding returns by strategically shifting investments between altcoins that have already shown significant growth and those that are on the verge of a price increase. He advises investors to focus on coins with substantial movement and carefully consider rotating profits.

Despite his optimism for an altcoin season, there are doubts regarding its immediate arrival. The altcoin season index, following a surge above 75 after the halving event, dropped to 25, reflecting a shift in focus towards Bitcoin. However, recent losses in altcoins have been attributed to fear of selling pressure. Currently, with the index at 39, there are no clear signs of an imminent altcoin season.

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