Bitcoin price level could mean alt season is right around the corner

25 Jun, 2019
Analysis
Bitcoin price level could mean alt season is right around the corner

Bitcoin has seen some impressive growth in 2019 and specifically this month, as it climbed 35% in June alone. However, it looks like it could soon find its top which could give alt coins breathing space to pump.

Bitcoin's recent gains have yet to see any real correction after a 5-month price surge that has seen Bitcoin climb 225% this year. June specifically has seen an accelerated Bitcoin smash the $10,000 level and continue to push upwards to $11,400 levels.

Unfortunately for altcoins, the BTC price move has not been kind as many altcoins have seen huge declines in Bitcoin related prices. While echoes of alt season have constantly been thrown around social media, the only real season we are seeing is Bitcoin season. 

With Bitcoin recently breaking over $200 billion market cap for the first time since January 2018 as well as reaching a dominance over the market at 60%, it could really be time for altcoins to have their day. Most expect alt season to literally be right around the corner.

Traders will be keeping a keen eye on what Bitcoin does this week as a big correction could see funds moving back into altcoins. 

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