2024

Parabolic

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<ul> 
 <li>Golden cross signals the start of altcoin season is on the horizon.</li> 
 <li>Wall Street fuels Bitcoin, while Altcoins rely on crypto-native support.</li> 
 <li>Analysts advise patience amid changing market dynamics.</li> 
</ul> 
<p>Following Bitcoin’s rally, the Golden Cross for Altcoins has recently materialized, a rare event occurring approximately every four years. Traditionally, this occurrence heralds the onset of a <a href="https://cryptonewsland.com/altcoin-season-begins-retail-traders-urged-to-hold/" target="_blank" rel="noreferrer noopener">robust Altcoin Bullrun</a>, with notable implications for the <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/">crypto market</a>.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <br><br>The Golden Cross for Altcoins has finally happened. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>This event only seems to happen every 4 years and has always signaled the start of an Altcoin-Bullrun in the past.<br><br>My Body is ready<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f636-200d-1f32b-fe0f.png" alt="😶‍🌫️" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/HYCzRP8ob3">pic.twitter.com/HYCzRP8ob3</a></p>— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f2.png" alt="🧲" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@el_crypto_prof) <a href="https://twitter.com/el_crypto_prof/status/1762884575498215880?ref_src=twsrc%5Etfw">February 28, 2024</a>
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<p>Observers note a distinctive shift in the market dynamics, as Bitcoin, historically dominant in influencing altcoin movements, now appears to be operating on a separate trajectory. Unlike previous cycles, Bitcoin is now propelled by <a href="https://www.wallstreet.ae/" target="_blank" rel="noreferrer noopener nofollow">Wall Street</a>, while <a href="https://cryptonewsland.com/the-bull-run-begins-altcoins-making-remarkable-gains-in-crypto-sphere/" target="_blank" rel="noreferrer noopener">Altcoins continue to draw support</a> from crypto-native funds and retail investors.</p> 
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   <p lang="en" dir="ltr">Notice how it’s not Bitcoin sucking liquidity from altcoins on the way up anymore! It’s a new kind of cycle. Bitcoin is powered by Wall Street and Altcoins are still powered by crypto native funds and retail. <br><br>Soon crypto holders will be willing to part with a small percentage…</p>— Ran Neuner (@cryptomanran) <a href="https://twitter.com/cryptomanran/status/1762927544053997959?ref_src=twsrc%5Etfw">February 28, 2024</a>
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<p>Analysts anticipate a forthcoming phase where crypto holders will gradually divest a portion of their Bitcoin holdings, triggering the initiation of the altcoin cycle. The advice circulating within the community emphasizes patience, with the belief that the higher Bitcoin climbs before this transition, the more fuel it will provide for the impending altcoin surge.</p> 
<p>While optimism pervades expectations of a significant altseason, some analysts predict a departure from the patterns observed in previous cycles. Notably, they anticipate <a href="https://cryptonewsland.com/bitcoin-dominance-hits-2-year-high-as-altcoins-experience-steep-declines/">Bitcoin dominance</a> may not dip as low as historical levels, citing the prominent role of Exchange-Traded Funds (ETFs) as a driving force in the market.</p> 
<p>Conversations within the community highlight the exceptional performance of many altcoins, with some experiencing substantial gains well before the official onset of the altseason. Questions emerge regarding the impact of <a href="https://corporatefinanceinstitute.com/resources/cryptocurrency/bitcoin-etfs/" target="_blank" rel="noreferrer noopener nofollow">Bitcoin ETFs</a> on the flow of funds into altcoins, with differing opinions on whether ETF holders will actively engage in altcoin swaps.</p> 
<p>Despite varying perspectives, consensus emerges on the anticipation of a wild and epic altcoin season. The prevailing advice underscores the importance of patience, echoing the sentiment that this market phase is poised to be extraordinary.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/close-approach-to-bullish-golden-cross-signal-for-bitcoin/">Close Approach to Bullish ‘Golden Cross’ Signal for Bitcoin</a></li>
 <li><a href="https://cryptonewsland.com/a-crossroads-for-bitcoin-1day-golden-1week-death/">A CrossRoads for Bitcoin: 1Day Golden, 1Week Death</a></li>
 <li><a href="https://cryptonewsland.com/xrps-golden-cross-signals-potential-parabolic-surge-ahead/">XRP’s Golden Cross Signals Potential Parabolic Surge Ahead</a></li>
 <li><a href="https://cryptonewsland.com/3-tokens-to-turn-your-15-into-1500-in-2024/">3 tokens to turn your $15 into $1500 in 2024</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-enters-technical-golden-cross-and-a-new-paradigm/">Bitcoin Enters Technical Golden Cross and a New Paradigm</a></li>
</ul>   
<p>The post <a href="https://cryptonewsland.com/altcoin-season-beckons-as-golden-cross-emerges-in-crypto-market/">Altcoin Season Beckons as Golden Cross Emerges in Crypto Market</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Altcoin Season Beckons as Golden Cross Emerges in Crypto Market

Crypto News Land

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