Analysts are predicting an 'altcoin season' in July with a projected 37% drop in Bitcoin dominance (BTC.D) from its current level above 65%.
Altcoin seasons historically occur when BTC.D decreases, signaling a rally for altcoins.
A confirmed drop in BTC.D to 42-45% is anticipated to be the ultimate signal for the beginning of an altcoin surge.
Factors such as Bitcoin dominance hitting a resistance level and Ethereum's performance relative to Bitcoin are being closely monitored to anticipate the potential altcoin season.