Alexander LorenzoCoinPicks, CoinPicks · Founder & Chief Investment Officer CoinPicks Capital 👇🏾This strategy made me 8 million dollars

Altcoin Season is Starting Bitcoin's Shocking Impact!

3 Sept 2025 · 1 min

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In this market commentary, the speaker analyzes Bitcoin's technical chart, noting that the previous resistance zone around the 108‑110 price level has now turned into support, which he describes as an extremely bullish signal for Bitcoin and the broader crypto market. He links this bullish momentum to the potential start of an altcoin season, explaining that a parabolic breakout in Bitcoin combined with a falling Bitcoin dominance ratio typically precedes a rally in altcoins. Citing upcoming fundamental news toward year‑end, he advises against selling crypto at this time, recommending instead that investors accumulate Bitcoin and begin researching altcoins to position themselves for the anticipated market shift.

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When resistance turns into support, this is extremely bullish. So if we come down here now, it looks like we're coming back to this 108, 110 price level or whatever the case is. You could say it tested it one time, but we could test it again. So we could come to 110, test it one more time. So now this was previously resistance, right? As you can see right here, now it's turning into support. This is extremely bullish for Bitcoin's price, which can bring up the entire market. The start of an altcoin season is when Bitcoin is breaking out in a parabolic way. And at the same time, Bitcoin dominance is dropping. It just really does look like that's about to happen. And with all the fundamental news lining up towards the end of the year, I do not think— and this is my personal take— it's time to start selling your crypto at all. I do think it's accumulation time. And so what I recommend is everybody really just start researching altcoins.