The cryptocurrency market is anticipating Bitcoin’s entry into the $100,000 range. While this appears likely, investors and traders are keeping their eye on altcoins which could experience explosive growth if Bitcoin’s price stabilizes. Bitcoin’s dominance in the market remains high, but it’s in a key resistance level.
A breakout of the Total2 chart, which measures the total market capitalization of all cryptocurrencies other than Bitcoin, could signal the start of an “altcoin season.” The Bitcoin price’s next moves will be crucial for the altcoin market.