When altcoins bullish season is expected to start?

Asallam O Alaikum , how are you everybody , hope you people will be fine. The altcoin market remains an exciting yet volatile segment of the cryptocurrency ecosystem.

As we approach the end of 2024, many analysts and investors are debating when the next altcoin bullish season will begin.

Leveraging technical analysis, current market data, and historical trends, this post explores key factors influencing altcoins and answers critical questions about their future performance.

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When Is the Next Altcoin Bullish Season Expected?

Late Q4 2024 will be the onset of the next altcoin season. ALTCAP, the altcoin market cap, is already up by $721 billion in August to a current value of $1.02 trillion. It is projected that it might shoot up to $1.61 trillion, a rise of 74% from the present level if this trend is maintained.

It is along these lines as the pattern shows that altcoin dominance grows when Bitcoin is consolidating. The technical indicators of RSI breaking resistance levels and MACD reaching the bullish zone support this outlook.

Moreover, the Bitcoin's dominance rate, BTCD, is seen peaking at its yearly high. Reversal in BTCD often leads to the start of an altcoin season, and hence the start of a major growth phase for altcoins may begin by December 2024.

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How Long Might the Altcoin Bullish Season Last?

Traditionally, altcoin seasons last from 2 to 4 months, aligning with periods of Bitcoin's price stabilization.

Assuming the next altcoin season starts in December 2024, then it could spill over into Q1 2025. But this depends on many factors, such as macroeconomic conditions, market sentiment, and regulatory changes.

Continued interest in altcoins such as Ethereum (ETH), Binance Coin (BNB), and Solana (SOL) could prolong the season, especially as these projects gain traction in areas such as decentralized finance (DeFi) and non-fungible tokens (NFTs).

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Current Prices of Major Altcoins

As of now (November 30, 2024), real-time prices for leading cryptocurrencies are as follows:

• Ethereum (ETH): $3,677
• Bitcoin (BTC): $96,626
• Binance Coin (BNB): $661
• Solana (SOL): $241

These prices indicate a significant recovery, particularly for ETH and SOL, which have shown robust performance amid the broader market uptrend. ETH's 24-hour trading volume has spiked, further supporting a potential bullish season.

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Technical Indicators Supporting the Altcoin Bullish Season

• Altcoin Market Cap (ALTCAP): The current wave count suggests that the ALTCAP is in its fifth and final bullish wave, with a projected target of $1.61 trillion. This movement signals strong investor interest in altcoins.
• Bitcoin Dominance Rate (BTCD): BTCD exhibits bearish divergences, with Fibonacci retracement levels indicating a potential top. A decline in BTCD often correlates with altcoin outperformance.
• RSI and MACD: These indicators are nearing bullish crossovers, particularly in ALTCAP excluding Ethereum, signaling an upcoming upward momentum.

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Conclusion

The data strongly indicates an impending altcoin season, likely starting in December 2024 and potentially lasting until early 2025. Investors should closely monitor the ALTCAP, BTCD, and real-time market conditions to capitalize on emerging opportunities. With ETH, BNB, and SOL already showing strength, this could be an ideal time for strategic investments.