Correction expectation for Bitcoin: “Altcoin season may be delayed”
Altcoin bulls have heated up the agenda as the leading crypto Bitcoin (BTC) approaches $66,000. So will the altcoin season begin?
The rise continues in the crypto market, which was activated by China's economic incentive announcement. BTC, which prices the positive outlook in global markets, touched the $66,000 level. With BTC gaining significant momentum, the way has also been opened for altcoins.
The analysis platform AMBCrypto has examined the progress of altcoins these days as BTC is gaining strength. In the analysis, it was stated that several conditions must be met for the altcoin season to truly begin.
Approaching its all-time high, Bitcoin (BTC) has aroused the appetite of crypto investors. Investors have taken action for a possible altcoin bull. Many altcoins have increased by 30 to 50 percent since the beginning of October.
The rise of many coins in the crypto market has led to the idea that altcoins will outperform BTC. Amid speculations about the altcoin season, important signals have begun to come from the analyses.
AMBCrypto made striking statements in its analysis titled “Altcoin season may have to wait a little longer”: “Altcoin season will begin with 37 of the top 50 altcoins outperforming BTC”
According to current price charts, only 17 of the top 50 altcoins outperformed $BTC . $SUI , which stands out among altcoins, recorded a 155 percent increase.
Stating that the necessary accumulation for the altcoin season has not yet occurred, the analysis stated that short-term gains will be seen in altcoins as long as the BTC price does not reach its all-time high.
AMBCrypto warned that a price correction in BTC could occur at any time. The analysis, which expects a drop below $64,000 for BTC, suggested that the price would reach a new all-time high after the said pullback.

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