🚀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?
