Glassnode: Altcoin Season Signal Holds Firm

Glassnode reports the Altcoin Cycle Signal remains firmly in altcoin season, with strength extending beyond the denominator effect noted last month as alts outperform on both relative and absolute terms after nearly two years of seller exhaustion.

BTC price action at $62533.92 shows price testing upper Bollinger resistance at $63682.78 while the RSI at 65.28 stays neutral and the MACD golden cross at 684.2 keeps the broader trend bullish; with price holding above the 50-EMA support at $61082.99 yet below the 200-EMA at $64639.24, a healthy retracement toward that 50-EMA level appears probable before continuation. This setup aligns with ongoing BTC price prediction models and crypto market cycle rotations that often follow periods without a full crypto market crash.