The crypto market may be gearing up for an altcoin season, according to analysis from a well-known analyst. The analyst suggests that historical data shows altcoins tend to outperform Bitcoin when certain conditions are met. These conditions include Bitcoin printing a new six-month candle after surpassing its all-time high and tapping the upper range of its Bollinger Bands on the weekly chart. The analyst's chart indicates that altcoins have had strong runs in the past when these conditions were met, and predicts that the market cap of all crypto assets excluding Bitcoin and stablecoins will experience significant increases in the coming months. At the time of writing, the total market cap of these assets is around $1.476 trillion.
- Content Editor ( dailyhodl.com )
- 2025-01-05
Altseason Imminent As Crypto Flashes Bullish Signal Witnessed Every Four Years, According to Analyst