Has the alt season started?

Many of us are very tired of hearing the word alt season. Especially for those who are new, it is like a complete blur. Because for those who have not seen the bull market in the past, it is now just a message of hope. Because especially young entrepreneurs who are investing for the first time are now very tired of hearing from various YouTubers and many have now started to disbelieve that there is nothing to say about alt season and a huge down can come ahead. Abal, because the prices of some coins are currently increasing quite well or because all coins are increasing fairly, many may consider it alt season and many may think that maybe the altcoin season has started!



[source](https://pixabay.com/photos/man-drinking-whiskey-brandy-liquor-8575459/)



I always try in every one of my articles that there is no negative news in the market at the moment. Moreover, the news that is there is quite positive. Currently, Bitcoin is above $104,000. It can go above it at any moment and create a new all-time high. Again, the opposite can happen. Even Bitcoin can take a correction from the current position it is in. Anyway, it looks pretty good in this position. Although many people's portfolios are still down, many people's portfolios are recovering a lot. Anyway, the question is whether the alt season has started now? This question is not easy to answer, and it is not difficult either. Because currently, starting with Ethereum, other coins are growing quite well. But the thing is, the coins are still very much down.


But what I think is that if you see the prices of coins increasing in the market today, the reason behind it is the drop in Bitcoin dominance. The prices of coins are increasing at a huge rate due to the decrease in Bitcoin dominance. However, the support line that was there has broken out. For example, it is currently above 63 percent, but if Bitcoin dominance drops significantly from here, then think about what could happen? Whereas it went above 65% a few days ago. Due to the slight decrease from there, all the coins have increased by a good amount from 10 percent upwards. So I think if the altcoin season is to start, Bitcoin dominance will have to decrease significantly. If Bitcoin dominance goes down significantly, then we will see a huge increase in other coins. That is when the real alt season will begin.