Greetings to you all friends, hope you are all doing fine, I'm @ibraheem75 from Nigeria, I'm pleased to participate on this amazing contest titled: "Altcoins bullish season is coming", organized by @khursheedanwar in steem4bloggers community, before then I would love to invite @goodybest, @m-fdo and @jyoti-thelight to also participate.
When you expect that Altcoins bullish season is coming and how long it will lasts according to your expectations and analysis? |
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Altcoins refers to the period when alternative cryptos outperform Bitcoin. This guides explores how to know when it has started. Bitcoin dominance dips to 60% as other cryptos gain momentum, suggesting potential altcoin season, based on historical data and technical indicators, Technological believes the market may soon witness significant gains from alternative.
Market sentiment was generally bearish for altcoin in Q3, with Bitcoin dominance rising to around 54%, it's highest level since April 2021.
Altcoin season cannot be predicted when to occur in a built market, altcoin season 2024 will be explosive due to run in the first half of the 2024. Altcoin season in 2024 will be profitable but very challenging.
The next crypto bull market could delayed until September says Arthur Hayes. Arthur Hayes predicts that the altcoin season will not return until Bitcoin and ethereum break above the key resistance level.
Recent market challenges have led prompted investors to shift focus towards preparing for the next bull run. Altcoins are in green today while Bitcoin is in red which is a sign that altcoin season is coming soon.
However, the chances of an altcoin season rose prior to the recent crash, but there are hopes for the coming months. Since altcoin cannot be predicted, we should be prepared and we should always expect the alt season coming soon.
Thanks for reading, I'm grateful and I love you all.
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