Bitcoin price flat below $120K as analysts cite early signs of altseason

Key Points

1. Bitcoin's dominance fell to 60.8%, the lowest since mid-March, while Ethereum's market share rose to 11.2%, its highest since late January 2025.

2. Ethereum led altcoin gains, rising 43% in 30 days, with other altcoins like CRV, BONK, and PENGU also posting significant weekly gains.

3. The total altcoin market cap surged over 30% since July 5, reaching approximately $1.579 trillion by July 18.

4. Analysts highlight a golden cross formation for Bitcoin, a bullish signal that historically precedes significant price surges, with potential targets between $135,000 and $155,000.

5. The Altcoin Season Index rose to 47, indicating a growing shift towards altcoin investments, though Bitcoin's long-term structure remains bullish.