Altcoin performance has been underwhelming with notable exceptions as BTC dominance remains above 50%.



Altcoins' low interest could suggest the last phase of a bear market cycle.

Bitcoin's breakthrough at the $32k level is also pivotal to trigger a move to $40k, according to analysts.

Bitcoin's dominance, which has reached the highest level in 2023, above 52%, is signalling a challenging phase for altcoins. While most altcoins are struggling to gain momentum, some analysts believe that this might be the leg of the bear cycle if history repeats.

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