The post When Will the Altcoin Rally Begin? Analysts Answered: “If This Price Level Is Exceeded in Bitcoin, The Rally Will Begin!” appeared on BitcoinEthereumNews.com.

While investors are waiting for the long-term declines in Bitcoin (BTC) and altcoins to end and the bull rally to begin, a new forecast came from Haskey Capital. At this point, crypto investment company HashKey Capital answered the question on investors’ minds: “When will the altcoin season start?” Accordingly, HasKey Capital claimed that it would not be enough for Bitcoin to surpass its previous ATH of around $73,600 for the altcoin rally to begin, and argued that BTC must surpass $80,000 for the altcoin rally. HasKey Capital analysts say that an altcoin rally is more likely to begin when Bitcoin reaches $80,000 and continues its rise. The $80K estimate represents an 18%-19% increase from its current price of $67,400. HasKey analysts also added that Bitcoin’s dominance would likely need to reach between 62% and 70% for the altcoin season to begin. Currently, Bitcoin’s dominance sits at around 59.1%. Analysts have recently pointed out that despite a long-standing bear market in altcoins, some memecoins have risen recently, with one of them being Goatseus Maximus (GOAT), which has surged by around 160% in the past week. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/when-will-the-altcoin-rally-begin-analysts-answered-if-this-price-level-is-exceeded-in-bitcoin-the-rally-will-begin/

---

Filed under: News - @ October 25, 2024 8:23 am