Swyftx lead analyst Pav Hundal suggests that altcoins will continue to experience volatility until Bitcoin surpasses $100,000. While some altcoins are performing well, most will likely remain unstable during this period. Hundal noted that Bitcoin recently reached $99,605 but later fell to $96,476. He mentioned that altcoins might briefly spike by 20% to 40% before experiencing significant pullbacks. For example, Solana gained nearly 13% in one day but then lost that gain within five days. Hundal highlighted that Bitcoin dominance is currently at 58.30% and may climb to between 65% to 70% before decreasing, making altcoin price appreciation more feasible. However, institutional investors, who are primarily driving the current Bitcoin rally, may not support the altcoin market, requiring fresh capital influx for altcoins to achieve new highs. The analyst implied that the conditions necessary for a robust altcoin season are contingent on Bitcoin's performance and market dominance.

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