The post Altcoin Season Near? Bitcoin’s $80K Breakout Could Spark Rally appeared on BitcoinEthereumNews.com.

Bitcoin’s potential $80K breakout could trigger an altcoin season, driven by market cycles and investor psychology. Rising liquidity and younger investors’ preferences signal a likely altcoin boom following Bitcoin’s gains. As the crypto market waits for a new rise, industry analysts foresee an upcoming altcoin season that will be closely related to the Bitcoin performance. Guest on the Milk Road Show Channel, Jesse Eckel, offered his observations, speculating that once Bitcoin hits the $80,000 mark, an altcoin explosion would start. Based on past patterns and the larger economic space, he observed that the timing is perfect for a cycle whereby altcoins follow the increasing momentum of Bitcoin. The Power of Liquidity and the Four-Year Crypto Cycle  Jesse’s main argument was the consistent four-year cycle in cryptocurrencies, a trend noted from the birth of Bitcoin. He remarked: “Every four years, even if people expect a different outcome, Bitcoin and the crypto market follow almost the same pattern.” Scheduled to finish in 2025, this cycle fits Bitcoin’s expected surge, a pattern shown in earlier cycles repeatedly. For Jesse and others, this regular cyclical tendency points to a strong market phase just ahead. But his findings are based on the current global liquidity scene as much as they depend on previous trends. In these cycles, the impact of liquidity has become ever more important. Jesse gestured to a number of significant economic events that are injecting liquidity into the world economy: stimulus initiatives in China and rate reductions in Europe and the United States This flood of money might drive increased demand for assets, including Bitcoin and, finally, other currencies. “People concentrate on the four-year cycle and Bitcoin halving. But it’s really global liquidity that drives these patterns,” he said. As liquidity moves into digital assets, he thinks the junction of monetary policy…

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Filed under: News - @ November 9, 2024 8:12 am