Altcoins Prepare for Alt Season as Bitcoin Builds Momentum Following Rate Cute

Altcoins have shown considerable strength following Bitcoin’s recent recovery over the past month, leading analysts to suggest that the market may be on the brink of an altcoin season. “The past few days have been very bullish for many #Altcoins!” said ParabolicPump, co-founder of Crypto Capital, in a Sept. 23 post on X. Popular trader 360Trader noted that TOTAL3, which represents the total crypto market capitalization excluding BTC and ETH, had retested the upper boundary of a falling channel. Although this crucial level has suppressed prices since March 2024, a decisive close above it would confirm a “nail in the