A crypto trader anticipates the strongest "altseason" since 2017, even as Bitcoin's price stabilizes. Bitcoin climbed above $64,000 before the weekly close on April 28, while altcoins aimed for a rebound.

With Bitcoin showing signs of upward momentum over the weekend, altcoins also saw positive movement. Despite BTC reaching weekly lows of $62,400, it rebounded to around $63,500. Altcoins performed well in after-hours trading, with the total altcoin market cap increasing by approximately 1%.

Popular trader Skew noted that while altcoins bounced nicely, they still need to break the trend of setting weekly highs around Monday to Tuesday. However, Skew expressed concerns about sell-side pressure on Bitcoin around range highs, which could limit further gains.

Another trader, Moustache, predicted a significant "altseason" rivaling the 2017 market highs. He attributed this to the declining dominance of Tether (USDT) and its impact on altcoin prices.

As traders awaited the start of traditional financial (TradFi) trading, including Bitcoin futures, for further market cues, some expressed optimism about the weekend's price action.

Despite Bitcoin consolidating below previous all-time highs, trader Alan Tardigrade found promise in the monthly BTC/USD chart. He highlighted Bitcoin's position above the Triangle Top as a bullish sign, suggesting that consolidation is necessary for a sustained bull run in the future.