Bitcoin's sharp recovery triggers fresh alt season frenzy

Bitcoin has made a quick recovery from its correction which lasted a few days and caused a price drop to $107,000.

With the quick rise back to $112,000, crypto analyst Michaël van de Poppe on 29 September said the much expected altcoin season may also be on the horizon.

The top crypto influencer with over 800,000 followers said if Bitcoin succeeds in breaking higher from this level, altcoins may finally come into their rally season.

Correction over

The correction affected Bitcoin and altcoins generally, but fortunately was short-lived and Poppe believes that the possibility of it being over is quite high now.

Magnificent move of #Bitcoin upwards.

I think that the chances of the correction to be over have significantly increased.

Good times are ahead.

Break this further upwards & we're in #Altcoin season. pic.twitter.com/AP6BpRjC3u

— Michaël van de Poppe (@CryptoMichNL) September 29, 2025

Indeed, the market seems to be maintaining the recovery as Bitcoin has surpassed $113,000 and is trading close to $114,000 at the time of reporting.

According to Poppe, Bitcoin is currently holding above the 200 moving average, which seems to be setting it up for a strong breakout from the current level.

This is a great, great chart on #Bitcoin.

It's holding above the 20-Week MA after a corrective week and starts the week with a strong upwards bounce.

I think that we've seen the low.

This chart looks primed for a big breakout upwards. pic.twitter.com/HzsJEqx8xV

— Michaël van de Poppe (@CryptoMichNL) September 29, 2025

The recovery has been attributed to the rising interest in crypto assets lately. It is also due to the increasing investor confidence as reflected in the Fear and Greed Index which went as low as 37 before rising back to 39.

If the sentiment continues, new price levels may be in view for Bitcoin, which could prepare it for the new all-time high of $130,000. Meanwhile, altcoin investors are also hoping that Bitcoin’s dominance drops so that altcoins can take over.

For the meantime, altcoins haven’t bounced as strongly as Bitcoin which seems to be leaving them behind for now.

The expectation is still high though as we enter October, the beginning of Q4 which Eric Trump says will be “unbelievable” for the crypto market as it usually is the best part of the year for crypto assets.

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