Analyst Michael van de Poppe suggests that the altcoin market could be bottoming out, potentially paving the way for a broader recovery.
Van de Poppe highlights weakening gold prices, possible future rate cuts, and a bullish divergence on the OTHERS/BTC chart as factors supporting an altcoin rally.
Analyst Tony Severino mentions Bitcoin's dominance reaching 65.66% and altcoin season index at 22, indicating that altcoins have yet to regain momentum compared to Bitcoin.
While altcoins may be approaching a turning point, Bitcoin's market dominance remains a challenge, with traders monitoring closely for any potential shift.