Traders predict that the "altcoin season" is coming, Bitcoin's market share is declining, and the altcoin market is turning structurally bullish

BlockBeats news, September 24, in the recovery of Bitcoin in the past month, altcoins have shown strong momentum, so analysts believe that the market may be about to usher in the altcoin season.

Trader 360Trader observed that the total crypto market value (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 this level will 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 market in cryptocurrencies will have a stage where Bitcoin's market share will drop sharply."