Reputed analysts highlight repeating bullish patterns for altcoins.
A similar surge of January 2021 may play out soon for altcoin.
The peak of the altseason could be greater than last cycle’s pump.
With the price of Bitcoin fluctuating between its current sideways movement after setting its latest ATH at $109,114.88, analysts are certain the next ATH will arrive but are unclear on the timeline. More so as BTC just dipped to $98,000 before recovering its 6-digit price targets. At the moment, the price of BTC sits in the $102,000 price range.
Presently, analysts are keeping a close eye on BTC Dominance. One analyst believes BTC is in a testing zone and will likely see a fall in dominance soon. This event will likely trigger the long-awaited and highly-anticipated arrival of the peak of the altseason which is expected to arrive in Q1 this year.
BTC Dominance on the Verge of Collapse
https://twitter.com/el_crypto_prof/status/1884267093308367282
This expectation is based on historical data where the peak of every bull cycle’s altseason has always arrived in Q1 following a Bitcoin Halving year. With the same events playing out now and multiple altcoins showing even greater bullish signs than they have in the cycle so far, altseason peak could just be on the horizon. The post above suggests an exponential price pump soon.
Peak Altseason Phase to Begin
https://twitter.com/el_crypto_prof/status/1884169274438406540
Adding to the bullish expectations, another reputed analyst shares a chart in the post above. Here he says a similar situation to January 2021 is playing out meaning the biggest pump for altcoins is about to begin. He highlights how gains in February, March, and April were most significant and the same could happen again.
The post Bullish Events of January 2021 Seems to be Playing Out Once Again, Altseaon Peak Soon? appeared first on Cryptonewsland.
