$BTC The cryptocurrency market has turned bullish following Donald Trump’s victory in the US presidential election on November 5. Crypto analysts consider the recent turnaround critical due to the notable signs it has left on the crypto market, especially regarding altcoins and the start of the altcoin season.

TradingView data shows that the Altcoin Market Capitalization (TOTAL2) has risen above significant resistance since the election, giving users hope that the altcoin season has finally arrived. Last Wednesday, TOTAL2 surged above $1 trillion, breaking multiple resistances on the daily chart of the metric. The move brought TOTAL2 out of a prolonged sideways trading range, leading analysts to speculate that the long-awaited altcoin season may have already arrived.

Altseason Start: What to Expect from November 2024 to March 2025 image 0 Altseason Start: What to Expect from November 2024 to March 2025 image 1 TOTAL2 Daily Chart on TradingView

Altseason refers to the period during which altcoins, including Ethereum and other non-Bitcoin cryptocurrencies, outperform Bitcoin in a bull run.These events are rare and usually short-lived!