The post Analysts Renew Calls for ‘Biggest Altseason’ Eyeing Crypto Market Breakout appeared on BitcoinEthereumNews.com.

Crypto market analysts have been scouring the charts looking for signals of an altcoin breakout. However, they have yet to make a big move and usually follow in the wake of a Bitcoin surge. On Sept. 24, Glassnode co-founder ‘Negentropic’ observed the Bitcoin/altcoin cycle noting that alts have followed the bullish momentum of BTC. “It seems that we are on the verge of an altcoin season,” he said before adding, “We are bound to experience it intensely once BTC breaks its ATH and enters uncharted territory.” Bitcoin is currently around 14.5% down from its all-time high, whereas most of the altcoins are more than 50% away from their peaks. #Altcoins have followed the bullish momentum of #Bitcoin It seems that we are on the verge of an Altcoin Season. We are bound to experience it intensely once $BTC breaks its ATH and enters uncharted territory. #Altseason #Altseason2024 pic.twitter.com/7QFoR6Ow6x — (@Negentropic_) September 23, 2024 Altcoin Season Around The Corner? The analyst added that it will be the classic rotation cycle of BTC first, then Ethereum will pump, followed by large-cap altcoins, then into the smaller-cap tokens. “Since May, we have seen Bitcoin push up three times without any sign of an altcoin season,” he observed before adding: “Now we saw the Altcoin Cycle indicator spike to near-50 before Bitcoin showed strength. We have a feeling the next run-up will happen together.” Additionally, Bitcoin has had its best-ever September, traditionally a bearish month, in terms of gains, with almost 9% so far. On Sept. 23, Web3 developer ‘Tracer’ predicted that “the biggest altseason will start in 9 days.” They added that this has happened twice before, in 2017 and 2021. Meanwhile, ‘Elja’ told his 686,000 X followers that the “biggest altseason will begin in Q4,” The Biggest Altseason Will Begin in Q4 It’s all…

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Filed under: News - @ September 24, 2024 6:22 am