Analysts from Hashkey Capital suggest that altcoin season is likely to start once Bitcoin exceeds $80,000, which is about 18% above its current price of $67,331. They note that for this altcoin rally to commence, Bitcoin's market dominance should rise to between 62% and 70%, compared to its current dominance of approximately 58.94%. Some experts believe that an altcoin season is overdue, citing the length of the current bear market. Recent weeks have seen significant price increases among top memecoins, instilling confidence among traders about the potential for an altseason. Nonetheless, there are concerns that the anticipated altcoin season may not unfold as traders expect, as highlighted by previous misleading signals noted by analysts.

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