Altcoin markets are flashing early signs of a breakout, with several analysts calling for a potential surge over the next few months.
Crypto commentator Mister Crypto predicts the next 3 to 6 months could be “life-changing,” suggesting daily gains of up to 40% may soon become the norm.
In a May 11 post on X, he pointed to a chart from BlockchainCenter.net that shows whether the crypto market favors Bitcoin (BTC) or altcoins.
When the index is below 25, it’s considered “Bitcoin Season,” meaning Bitcoin is outperforming most altcoins. When it’s above 75, it’s “Altcoin Season,” meaning altcoins are doing better than Bitcoin.
Currently, the chart shows a breakout from a downward trend just below the 29 mark, suggesting a possible shift away from Bitcoin dominance. This breakout hints that altcoins may start gaining momentum, potentially entering a period where they outperform Bitcoin.
Source: Mister