Bitcoin (BTC) is leading the market by soaring to around $155,440 (approximately 215.87 million won), but experts analyze that the full-fledged altcoin market rally, known as the 'Altcoin Season', is still in its early stages. Investors are closely monitoring market transition signals while focusing on the currently undervalued relative value of altcoins compared to Bitcoin.
Crypto analyst Kyledoops recently predicted on the Crypto Banter podcast that the Bitcoin market cycle is about 75-80% complete, with a high likelihood of a sharp surge in the remaining 20%. Based on technical indicators like 'Market Cipher B', rising fund flow indicators, and consecutive green dots on the weekly chart, he expects Bitcoin to rise to $125,000-$130,000 (approximately 173.75-180.70 million won) by September.
However, the full-fledged altcoin bull market is not expected to be triggered simply by Bitcoin's price increase. Market analysts suggest that if Bitcoin dominance encounters resistance at the technical resistance level of 66-69% and reverses downward, funds could flow into altcoins, potentially marking the start of a true 'Altcoin Season'.
Some altcoins are already showing early strength signals. Sui has rebounded from the Fibonacci 0.618 support line and is generating profits in a low-risk state. Solana (SOL) is expected to potentially retest $145 after rebounding from the 'Fair Value Gap (FVG)' point. Phantom (FTM) is attempting to rebound above $0.38 after breaking through the downtrend line, and ONDO also has potential for growth if Bitcoin dominance declines.
The meme coin market is also vibrant. Nobody Sausage has surged 130% so far, FartCoin maintains a strong stance at the 50% retracement point, Popcat is re-accumulating in the $0.20-$0.24 range, and for PEPE, recovering to the Fibonacci 50% level is considered essential to prevent further decline.
Other notable altcoins include NEAR, which is attempting to form a double bottom, GokuCoin continuing its upward trend based on strong fundamentals, and Chainlink, which currently shows no clear direction.
Kyledoops emphasized that "most altcoins are currently in the 'accumulation' stage" and that altcoins will only move significantly if traditional market indicators like the S&P500 show continuous upward trends and Bitcoin dominance declines. For altcoin investors, now is the time to calmly observe key indicators and wait for opportunities rather than rushing.
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