The post Altcoins Trend Hint at Upcoming Explosive Rally, Here’s Why appeared on BitcoinEthereumNews.com.

As the altcoin market enters a prolonged re-accumulation phase, signs point to an impending major rally. Although the market is in the bearish territory at the moment, past trends and analysis show that there is immense potential for altcoins to rise. As per Mikybull, a crypto analyst, the 2020 price pattern is forming, suggesting that a massive price surge is imminent. Altcoins Re-accumulation Phase Sentiment in the market towards altcoins is currently bearish with many investors holding a negative view of the market. However, this kind of sentiment is typical for altcoins re-accumulation phases and occurs just before market reversals. In support of this view, DeFi analyst Cyril points out that the current toxic sentiment is a classic setup for major market rallies. He emphasizes that the time to de-risk was earlier in the cycle, not now, as the market has only been rejected from an initial target, with further targets still in play. Furthermore, it has been observed that each major bull cycle has concluded with a significant drop in Bitcoin’s market share, which has opened up huge opportunities in the altcoin market. This, according to him is something that is likely to happen in the forthcoming months as well hitting a peak of October 2025.  From the 2018 and 2022 lows to the halvings in 2020 and 2024, there have been 510 days. Both bear markets lasted 370 days, highlighting a cyclical pattern in crypto. If this repeats, the next bull market could peak in October 2025, suggesting potential for altcoin growth. pic.twitter.com/PsKPpd3xgr — Cyril – DeFi (@cyrilXBT) June 22, 2024   According to the analyst, the market makers may try to deceive investors by saying that the bull market is over, but the current re-accumulation phase is an indication of the contrary. Cyril expects that the sellers…

---

Filed under: News - @ June 23, 2024 1:26 pm