Veteran market wizard Peter Brandt announces the beginning of an altcoin season. His recent tweet, “It’s altcoin season,” was backed by a convincing chart indicating a potential altcoin surge.
With Bitcoin dominance hovering near historical levels that often spark altcoin rallies, and bullish chart patterns forming, investors are now wondering: is this the beginning of a major shift in 2025?
Here’s what’s going on.
Brandt’s chart tracks the total crypto market cap, but excludes Bitcoin, and shows it currently at $1.39 trillion. What caught attention is the Cup and Handle pattern forming, a well-known bullish setup that often comes before sharp price moves.
This same setup was seen before altcoins soared in the past. If history repeats, we could see the market cap for altcoins climb back toward the 2021 high of $1.7 trillion or even beyond.
Right now, Bitcoin’s market dominance is around 64%. That number matters. In past cycles, when BTC dominance falls below 60%, altcoins tend to explode as traders start moving profits from Bitcoin into other assets.
Analysts have been eyeing 2025 for a possible altcoin boom, with some already shifting attention toward large-cap coins and high-risk meme coins like SHIB, DOGE, and PEPE.
If the current trend holds, the altcoin market might be gearing up for a major rally.
Not everyone agrees the rally has begun. Early Bitcoin investor and popular crypto YouTuber Jeremie Davinci shared a different view. “Altseason hasn’t started,” he said on X, “but when it’s here, most will be too late.”
Unlike many Bitcoin purists, Davinci doesn’t shy away from altcoins. He regularly talks about both large-cap and low-cap projects, and he often posts about trending meme coins too. Still, his focus lately has returned to Bitcoin’s long-term value.
Brandt’s tweet didn’t go unnoticed by the crypto community. Reactions were mixed. Some agreed with the analysis and felt the signs were clear. Others were skeptical.
One user even called it “scam coin season,” highlighting just how split opinions still are, even when technicals look promising.
With Brandt calling for altcoin season and Davinci urging caution, investors find themselves at an interesting crossroads. Technical patterns are pointing to an altcoin run, but sentiment is still shaky and timing is everything in this market.
If Bitcoin dominance drops and capital starts rotating into altcoins, we could see major moves across the board. But as always in crypto, nothing is guaranteed.
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