As Bitcoin consolidates around $119,000, analysts predict a significant surge in altcoin performance, marking the onset of a much-anticipated altseason.
Bitcoin is currently consolidating around $119,000 as altcoins gain momentum, signaling the start of Altcoin Season, according to analyst Josh Olszewicz. With Bitcoin's dominance dropping below 60%, Ethereum and Solana are highlighted as key players in the market surge. Olszewicz predicts that Bitcoin could reach $130,000 in the near term, while the total crypto market cap approaches $3.75 trillion. However, traders are advised to remain cautious of potential corrections amid rising exchange reserves.