Bitcoin is leading the crypto rally once again, surging to a new all-time high of $123,000 earlier this month. So far in July, BTC has gained 9.79%, and in the last seven days alone, it jumped by 8.8%, reigniting investor excitement across the market.
But with Bitcoin dominance rising, the big question now is: Will altcoins follow—or is this another fakeout?
Bitcoin’s bullish momentum continues, marking a 15.9% gain between June 23 and July 15. This rally pushed BTC from $107K to $123K, a 14.95% jump, making it the biggest breakout of Q3 so far.
In Q2 2025, Bitcoin recorded an impressive 29.9% return, supported by:
So far in Q3, Bitcoin is already up 9.69%—and counting.
Also Read : Bitcoin Price Prediction After $123K Peak – Is $130K the Next Target?
Popular analyst VirtualBacon shared a detailed thread on X, analyzing BTC’s current breakout and what it means for altcoins.
According to him, this may not be a full-blown altseason, but rather a short “altcoin rotation window”. Historically, after each major BTC breakout since mid-2023, altcoins typically rallied for 3–5 weeks before Bitcoin resumed dominance.
Also Read : From $4 to $10, This Altcoin Could Explode 3X in Crypto Bull Run 2025
At present, Bitcoin dominance sits at 64.34%, up from 57.59% at the start of the year. This continued rise suggests money is still flowing into Bitcoin first. The only pullback was a 4.83% drop in May, which quickly recovered.
VirtualBacon emphasizes that a sustained altcoin season needs BTC dominance to decline, something that hasn’t happened yet. But short-term opportunities may still exist.
VirtualBacon highlights several altcoins with breakout potential:
He also notes Solana ecosystem tokens are showing strength:
Emerging Layer-1s and smart contract platforms are also on the radar:
Meanwhile, narrative-driven tokens like TAO (14x in 5 months) and PEPE (6.6x in 3 months) have shown what’s possible during strong Bitcoin uptrends.
VirtualBacon predicts that if BTC touches $150K, the top 20 altcoins could explode in value, as institutional and retail investors look for the next big opportunity.
While Bitcoin leads the charge, altcoins may have a short-term window to rally. Whether this turns into a full-scale altseason will depend on Bitcoin dominance, overall market sentiment, and how investors rotate capital in the coming weeks.
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