According to BlockBeats, on September 24, during Bitcoin’s recovery over the past month, altcoins have shown strong momentum, leading analysts to believe that the market may be about to usher in the altcoin season.

Trader 360Trader observed that the total crypto market capitalization (TOTAL3) excluding Bitcoin and Ethereum retested the upper boundary of the descending channel. Although this key level has been suppressing prices since March, a decisive close above it would confirm “a fatal blow to the bears.”

ParabolicPump said that as altcoin prices rise, Bitcoin’s market share is about to break down from its rising wedge. “It’s only a matter of time. Every bull run in cryptocurrencies will have a stage where Bitcoin’s market share will drop significantly.”

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