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 <p class="paragraph">Bitcoin (BTC) reached its all-time high of $69,000 to quickly retrace below $60,000 on the same day. Cryptocurrency traders eagerly expect an altseason to commence at any moment, boosting altcoins to previous highs.&nbsp;</p>
 <p class="paragraph">On that note, <em>Credible Crypto</em> posted on X explaining how the cryptocurrency market usually behaves during bull cycles. Previously, the trader shared a winning experience trading Dogecoin (DOGE), in which he made from $10,000 to $100,000 in 48 hours.</p>
 <p class="paragraph">Interestingly, <em>Credible Crypto</em> sees two possible scenarios regarding the start of a massive altseason. Nevertheless, both outlooks suggest that this <a rel="noopener noreferrer nofollow" title="cycle" href="https://thebittimes.com/tag/cycle.html">cycle</a>’s <a rel="noopener noreferrer nofollow" title="altcoin" href="https://thebittimes.com/tag/altcoin.html">altcoin</a> market could start at any moment, and investors should prepare their positions.</p>
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 <p class="paragraph">It is worth noting that the two scenarios are based on historical patterns. Therefore, they are not guaranteed to mirror the past action.</p>
 <h2 class="wp-block-heading" id="h-two-scenarios-that-could-ignite-an-altseason">Two scenarios that could ignite an altseason</h2>
 <p class="paragraph">First, <em>Credible Crypto</em> explains that Bitcoin could test the historical resistance and reject the breakout. In this case, the trader expects a massive correction, followed by a consolidation that could ignite an altseason.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“BTC tags prior ATH but rejects/consolidates at the highs for a few weeks before beginning to accelerate to the upside to then double in a matter of weeks. Alts begin rallying right after BTC tags prior ATH, while BTC consolidates.”</p> <cite>– <em>Credible Crypto</em></cite>
 </blockquote>
 <p class="paragraph">Second, Bitcoin could break the all-time high and move for huge gains in a few weeks. After this surge, the crypto <a rel="noopener noreferrer nofollow" title="expert" href="https://thebittimes.com/tag/expert.html">expert</a> forecasts a period of consolidation and the start of the <a rel="noopener noreferrer nofollow" title="altcoin" href="https://thebittimes.com/tag/altcoin.html">altcoin</a> <a rel="noopener noreferrer nofollow" title="cycle" href="https://thebittimes.com/tag/cycle.html">cycle</a>.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“BTC breaks its prior ATH with conviction and goes on to 2x in a matter of weeks—this is a mega breakout without much of a breather, and alts don’t get much love until BTC pauses after this breakout leg. Alts begin rallying en masse some weeks after BTC breaks prior ATH. In the latter- they start rallying almost immediately after BTC tags prior ATH.”</p> <cite>– <em>Credible Crypto</em></cite>
 </blockquote>
 <p class="paragraph">In summary, he only expects altcoins to shine when Bitcoin’s price action cools down in consolidation. This could happen either after a correction, failing to break the $69,000, or after a price discovery pump.</p>
 <p class="paragraph">Notably, Bitcoin seems to follow the first scenario nearly two days after <em>Credible Crypto</em>’s post. BTC dropped to as low as $59,458 on March 5, after testing the all-time high, and now trades at $66,319. This zone could consolidate as a range between $64,000 and $68,000, igniting an altseason.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/03/06/736027f7e6b8d4cb520b46f75199aad4.webp" alt class="wp-image-159135" srcset="https://cdn.thebittimes.com/images/2024/03/06/736027f7e6b8d4cb520b46f75199aad4.webp 1024w, https://cdn.thebittimes.com/images/2024/03/06/736027f7e6b8d4cb520b46f75199aad4.webp 300w, https://cdn.thebittimes.com/images/2024/03/06/736027f7e6b8d4cb520b46f75199aad4.webp 768w, https://cdn.thebittimes.com/images/2024/03/06/736027f7e6b8d4cb520b46f75199aad4.webp 1536w, https://cdn.thebittimes.com/images/2024/03/06/736027f7e6b8d4cb520b46f75199aad4.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   BTC/USD hourly price chart. Source: TradingView (Finbold)
  </figcaption>
 </figure>
 <p class="paragraph">In this context, Finbold has built a selection of altcoins that could multiply their capitalization by 10 during an altseason.</p>
 <p class="paragraph">However, cryptocurrencies are volatile and unpredictable, and things can change at any time. Thus, investors must remain cautious and study altcoin projects while building investment positions.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/altseason-incoming-crypto-expert-explains-the-altcoin-cycle-tbt81771.html">https://thebittimes.com/altseason-incoming-crypto-expert-explains-the-altcoin-cycle-tbt81771.html</a></p>

Altseason incoming? Crypto expert explains the altcoin cycle

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