Due to Bitcoin’s significant dominance over the crypto market, it is speculated that Altcoin Season (altseason) may occur during a continuous bull cycle. However, recent developments point to possible preseason games, which crypto experts believe may be one of the biggest stages of ALTS to date.
Bitcoin’s correlation with alternative tokens weakens
With current market trends volatile, key indicators begin to point to potential shifts from Bitcoin season to Altcoin season. João Wedson, founder and founder of the analytical platform Alphractal, shed In the possibility of preseason, claiming that this happened in this cycle.
After delving into the Altcoin season index and Bitcoin, the chain chain expert pointed out that the cryptocurrency market could be at the forefront of a major shift. Currently, the market is about to reach a large number of Altcoins As has been often observed in the past cycle, the trajectory of Bitcoin will no longer be followed.
According to Wederson, these digital assets are now drawing their own paths, noting that they are already stubborn, suggesting the unique season of Alts. Compared to Bitcoin’s price trajectory, this growing number of decoupling has sparked new conjectures A seasonTraditionally, this feature is a significant gain from non-BTC assets and may be approaching quickly.
Experts pointed out that BTC is at its highest point in historymost altcoins have limited room to fall, except for some top market block coins. This development usually marks the beginning of the stage where capital begins to flow into non-BTC assets.
Given the current trend, experts believe that what is inevitable at this time is Altseason. When the season finally happens, it is expected to run quickly, and the rotation will continue regardless of whether the price of BTC is rising or falling in the near future.
Meanwhile, Wedson warns investors about potential volatility Bitcoin And in the current market state. “From the perspective of a large trader or fund manager, it makes little point to hold BTC or Stablecoins right now,” the expert said.
Huge season on the horizon
Latest analysis from Crypto Analysts and Traders Magazine reveal The crypto market is about to enter the Altcoin season in the coming weeks. His bold analysis is based on past cycle trends involving convergence of RSI (relative intensity index) + MACD (moving average convergence difference).
BTC witnesses a sharp decline after RSI + MACD confluence in the 2021 market cycle Its market advantageswhich paved the way for the playoffs. As the setup reappears, analysts expect similar results. But this time, Mags claims that the development could lead to the biggest season of the cycle.
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