Altcoin Markets Remain in Accumulation Phase as Bull Cycle Slowly Unfolds
The post Altcoin Markets Remain in Accumulation Phase as Bull Cycle Slowly Unfolds appeared on BitcoinEthereumNews.com.
The current state of the altcoin market suggests a continued phase of accumulation, with the potential for an upward trend in the months ahead. According to analysts outlook, market activity remains subdued, characterized by a gradual upward movement rather than sharp spikes. Analysts describe this as the early stage of a bull cycle, which can often feel “boring” to investors as prices grind upwards without significant acceleration. The #Altcoin markets are still in accumulation. The start of a bull cycle is super boring, as it slowly grinds upwards and nothing more. The vertical stages/acceleration of the markets are coming at a later point in time, probably Q1 next year. pic.twitter.com/rOO85iVFoi — Michaël van de Poppe (@CryptoMichNL) October 10, 2024 The image indicates a new bottoming process that began in mid-June 2024, following previous cycles of market lows. Historical patterns show that such accumulation phases often precede more dramatic price movements. The chart highlights past instances where similar consolidation periods laid the groundwork for subsequent rallies. Altcoins is repeating this trend and preparing for a more vigorous ascent in the coming months. Bull Market Acceleration Expected in Early 2025 Accoding to Poppe, while the market remains in a consolidation phase, the acceleration typically associated with a full-fledged bull market may not be imminent. Projections suggest that the vertical growth stages could materialize around the first quarter of 2025. This anticipated shift could bring heightened volatility and more substantial price gains, marking a departure from the relatively steady upward grind observed thus far. As the cryptocurrency market continues to accumulate, investors should prepare for potential price swings as early 2025 approaches. The current subdued nature of the bull cycle may prompt some to overlook opportunities, but the likelihood of significant upward movement remains strong. Should the historical patterns hold, the accumulation phase could…
Filed under: News - @ October 11, 2024 10:13 pm