The cryptocurrency market is showing signs of renewed energy, with Bitcoin leading the charge and altcoins gaining momentum. As Bitcoin's price holds above $71,600, experts predict a potential new period of rapid gains for other cryptocurrencies.

According to Juan Pellicer, Senior Researcher at IntoTheBlock, the altcoin season has already begun, based on various indicators. However, this trend depends on Bitcoin's performance. Pellicer highlights the importance of analyzing advanced on-chain metrics to identify potential winners in the next altcoin season.

Julio Moreno, Head of Research at Cryptoquant, notes a stability in Bitcoin demand from long-term holders and whales, indicating a higher demand increase this month compared to April. Long-term investors have bought 74,000 Bitcoin in the last 30 days, while demand from whales is increasing by 5% monthly.

In terms of price analysis, Bitcoin is approaching a key resistance level of $71,800. If successfully broken, a double-digit rally could ensue. Ethereum is struggling to surpass the $3,980 barrier, while XRP Coin is expected to break out of its ascending triangle formation.

In conclusion, the crypto market is showing signs of new life, with altcoins gaining traction. Experts predict a potential new period of rapid gains, depending on Bitcoin's performance. As the market continues to evolve, investors are eagerly watching for new highs and potential breakouts.