Market analysts predict the onset of an altseason, a period when smaller cryptocurrencies surge, by analyzing Bitcoin (CRYPTO:BTC) dominance charts.

Despite Bitcoin's recent price fluctuations, the altcoin market cap has remained stable at around $315 billion, hinting at potential upside.

While altcoins have corrected since mid-March, many traders anticipate a bullish phase for them in the upcoming market cycle.

Analysts closely monitor Bitcoin dominance, which has hovered around 50% since September 2023, as a key indicator for the onset of altseason.

Notable altcoins like XRP (CRYPTO:XRP), Dogecoin (CRYPTO:DOGE), Cardano (CRYPTO:ADA), and Polkadot (CRYPTO:DOT) remain significantly down from their 2021 peaks, while Bitcoin is only slightly below its all-time high, indicating potential opportunities for altcoin gains.