Market analysts foresee the imminent arrival of crypto's celebrated "altseason," a period marked by significant surges in the value of smaller-cap cryptocurrencies during bull markets.

Trader and analyst Rekt Capital noted that despite Bitcoin's price fluctuations, the altcoin market cap has remained steadfast, consistently testing the $315 billion support level.

Investors are closely monitoring altcoin markets for potentially higher risk-to-reward opportunities, anticipating a surge during the next phase of the bull market.

While historically altcoin appreciation trails behind Bitcoin, indicators like altcoin market capitalization and Bitcoin dominance could signal the onset of an altcoin bull season.

Despite recent corrections in most altcoins since mid-March, Bitcoin's dominance remains above 50%, indicating continued interest from analysts who believe that altcoins will shine once Bitcoin dominance starts declining.

Analysts refer to technical indicators such as the Ichimoku cloud and observe patterns in Bitcoin dominance to predict the onset of the altseason, with many expecting another surge in altcoin prices.

As attention shifts towards altcoins post-Bitcoin halving, analysts like Kevin Svenson foresee a significant uptrend in the altcoin market cap, emphasizing the narrative shift towards altcoins in the crypto space.