比特币市占率
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Will Altcoin Season Come Again?
Bitcoin has corrected, and the market sentiment has noticeably dropped. Many people have shifted their focus to altcoins, believing
may be coming, and combined with
the current phenomenon of decline, providing proof.
There are a few key points I want to discuss. First, the short-term decline in market share cannot affect the overall upward trend. Second, whether the Bitcoin market share indicator is still valid.
Bitcoin Market Share
From a trend perspective, since around September 2022, Bitcoin's market share has been on an overall upward trend. According to Coinmarketcap data, BTC's market share has recently approached 58%, increasing over 8% for the year, reaching a high not seen since April 2021. Overall, Bitcoin's market share remains in a bullish trend, even though there has been a recent decline, thus the decline has not formed a trend.
may be coming, and combined with
the current phenomenon of decline, providing proof.
There are a few key points I want to discuss. First, the short-term decline in market share cannot affect the overall upward trend. Second, whether the Bitcoin market share indicator is still valid.
Bitcoin Market Share
From a trend perspective, since around September 2022, Bitcoin's market share has been on an overall upward trend. According to Coinmarketcap data, BTC's market share has recently approached 58%, increasing over 8% for the year, reaching a high not seen since April 2021. Overall, Bitcoin's market share remains in a bullish trend, even though there has been a recent decline, thus the decline has not formed a trend.
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Bitcoin faces a critical week: Is its market share about to peak and a prelude to the altcoin season?
In the next two to three weeks, the Bitcoin market is about to usher in a decisive moment, which is not only related to the subsequent development trend of Bitcoin, but also may trigger the prelude of the altcoin season. At this critical moment, we must go beyond short-term fluctuations and gain insight into the deep pulse of the market.
Bitcoin weekly trend:
The next two to three weeks will be crucial for the Bitcoin market. If Bitcoin can break through and stabilize above the 200-day moving average near $6,3000 in two to three weeks, we may usher in a crazy bull market. If not, the market may continue to fluctuate or experience a short-term correction.
Bitcoin weekly trend:
The next two to three weeks will be crucial for the Bitcoin market. If Bitcoin can break through and stabilize above the 200-day moving average near $6,3000 in two to three weeks, we may usher in a crazy bull market. If not, the market may continue to fluctuate or experience a short-term correction.
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🚀Analysts are calling for the "alt season" again, are you ready?
Recently, cryptocurrency market analysts have been poring over charts like detectives, looking for signs that altcoins are about to explode in the fourth quarter. But so far, these altcoins are just following the pace of Bitcoin.
Just yesterday, Glassnode co-founder "Negentropic" said on social media X that altcoins usually follow the pace of Bitcoin. He also believes that we are on the verge of alt season, and once Bitcoin breaks its previous high, altcoins may take off.
But Bitcoin is now about 14.5% lower than its all-time high, while most altcoins have fallen even more, by more than 50%. However, September is Bitcoin's best performing month so far, with a maximum increase of 7.71% this month, and September in previous years is usually bearish.
Other analysts predict that Bitcoin's dominance may have peaked and the biggest altcoin season will begin in 9 days. If it does start to decline as expected, it will be great news for altcoins. Moreover, there have been big outbreaks of altcoin seasons in 2017 and 2021 in history, so will history repeat itself this time?
In addition, according to Tradingview data, Bitcoin's market share has reached its highest level in three and a half years, 57.52%. Some analysts believe that BTC's market share may have reached its peak. If the market share falls below 50% in the coming days, it will undoubtedly be good news for altcoins.
Therefore, this may be a rotation cycle for Bitcoin, with Ethereum rising first, then large-cap altcoins, and finally small-cap tokens. They feel that the altcoin season may be around the corner.
💬 What do you think? Do you think this will be the "biggest altcoin season"? Or do you think Bitcoin will continue to lead the way? Come to the comment section to share your predictions, let us witness the arrival of this moment together!
#山寨币季节 #比特币市占率
Recently, cryptocurrency market analysts have been poring over charts like detectives, looking for signs that altcoins are about to explode in the fourth quarter. But so far, these altcoins are just following the pace of Bitcoin.
Just yesterday, Glassnode co-founder "Negentropic" said on social media X that altcoins usually follow the pace of Bitcoin. He also believes that we are on the verge of alt season, and once Bitcoin breaks its previous high, altcoins may take off.
But Bitcoin is now about 14.5% lower than its all-time high, while most altcoins have fallen even more, by more than 50%. However, September is Bitcoin's best performing month so far, with a maximum increase of 7.71% this month, and September in previous years is usually bearish.
Other analysts predict that Bitcoin's dominance may have peaked and the biggest altcoin season will begin in 9 days. If it does start to decline as expected, it will be great news for altcoins. Moreover, there have been big outbreaks of altcoin seasons in 2017 and 2021 in history, so will history repeat itself this time?
In addition, according to Tradingview data, Bitcoin's market share has reached its highest level in three and a half years, 57.52%. Some analysts believe that BTC's market share may have reached its peak. If the market share falls below 50% in the coming days, it will undoubtedly be good news for altcoins.
Therefore, this may be a rotation cycle for Bitcoin, with Ethereum rising first, then large-cap altcoins, and finally small-cap tokens. They feel that the altcoin season may be around the corner.
💬 What do you think? Do you think this will be the "biggest altcoin season"? Or do you think Bitcoin will continue to lead the way? Come to the comment section to share your predictions, let us witness the arrival of this moment together!
#山寨币季节 #比特币市占率
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🚀Bitcoin's market share has fallen slightly after hitting a key pressure point. Is the alt season about to officially start?
There is an interesting post on the latest social media. The picture with the post is a trend chart of Bitcoin's market share from 2016 to 2025. The two alt season stages and their time and increase multiples are marked in green.
The first alt season occurred during 2017-2018 and lasted for 791 days. Bitcoin's market share rose from nearly 40.00% to around 48.00%, an increase of 321 times.
The chart also predicts that another alt season will start in 2024, lasting 724 days. At that time, Bitcoin's market share is expected to decline, providing growth opportunities for altcoins, and the increase in this round of alt season is expected to reach 693 times.
The post said that if the strategy is appropriate, your current $500 investment portfolio may grow to $90,000 in a year.
At the same time, the analysis believes that the cryptocurrency market is similar to the traditional financial market and must go through four development stages: Accumulation, Markup, Distribution, and Markdown.
The figure below is also equipped with a Bitcoin market share cycle chart, which also shows the relationship between Bitcoin market share and Bitcoin price and altcoin price. By then, it is expected that Bitcoin market share will continue to decline, which will provide altcoins with an opportunity for explosive growth.
The last post believes that the altcoin craze is expected to start in December this year, which is the last chance to accumulate high-potential altcoins before the market takes off.
In short, as Bitcoin market share hits the key pressure level of 60% and then falls back slightly, the market generally focuses on when the real altcoin season will start!
💬 What do you think of the prediction that the altcoin season will start in 2024? Will you invest in altcoins at this time?
#山寨季 #比特币市占率 #Altseson预测
There is an interesting post on the latest social media. The picture with the post is a trend chart of Bitcoin's market share from 2016 to 2025. The two alt season stages and their time and increase multiples are marked in green.
The first alt season occurred during 2017-2018 and lasted for 791 days. Bitcoin's market share rose from nearly 40.00% to around 48.00%, an increase of 321 times.
The chart also predicts that another alt season will start in 2024, lasting 724 days. At that time, Bitcoin's market share is expected to decline, providing growth opportunities for altcoins, and the increase in this round of alt season is expected to reach 693 times.
The post said that if the strategy is appropriate, your current $500 investment portfolio may grow to $90,000 in a year.
At the same time, the analysis believes that the cryptocurrency market is similar to the traditional financial market and must go through four development stages: Accumulation, Markup, Distribution, and Markdown.
The figure below is also equipped with a Bitcoin market share cycle chart, which also shows the relationship between Bitcoin market share and Bitcoin price and altcoin price. By then, it is expected that Bitcoin market share will continue to decline, which will provide altcoins with an opportunity for explosive growth.
The last post believes that the altcoin craze is expected to start in December this year, which is the last chance to accumulate high-potential altcoins before the market takes off.
In short, as Bitcoin market share hits the key pressure level of 60% and then falls back slightly, the market generally focuses on when the real altcoin season will start!
💬 What do you think of the prediction that the altcoin season will start in 2024? Will you invest in altcoins at this time?
#山寨季 #比特币市占率 #Altseson预测