When will the altcoin bull run begin?
Crypto analyst Ali Martinez touched on the potential bull run of altcoins in his post on X.
With the US Fed lowering interest rates after four years, the price of Bitcoin ($BTC ) approached $65,000. As BTC gained momentum, all eyes turned to altcoins these days. Crypto analysts claimed that the long-awaited altcoin bull is at the door.
Ali Martinez, who attracted attention with his analyses published on the X platform, made striking statements about the altcoin bull. Martinez drew attention to the fact that the market value of altcoins other than Bitcoin and Ethereum is approaching $600 billion. The analyst gave a signal for a potential breakout.
Ali Martinez shared his views on the TOTAL3 (market value of all cryptocurrencies except $BTC and $ETH ) chart. Martinez, who drew attention to the money inflow into altcoins, said the following:
âAltcoin market value seems ready to exceed $1 trillion⊠It is only a matter of time before the altcoin season comes!â
The bull flag in the graph published by the analyst drew attention. It was seen that the rise started in the model in question and the candles approached the resistance zone. According to Martinez, altcoins are about to break the downtrend with the end of the money outflows that have been going on since April.
Martinez stated that another indicator that will support the altcoin bull is Bitcoin dominance. The analyst, who said, âBTC dominance seems to be reaching its peak,â concluded his words as follows: âBTC dominance has the potential to fall to 47 percent, preparing the ground for the altcoin season.â
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