bullish

Rally

Bitcoin

Time

Alice

<p>Following the recent <strong>50 basis points rate cut</strong> by the Federal Reserve, <strong>Bitcoin</strong> has surged by 5%, causing excitement throughout the cryptocurrency market. This shift has prompted a well-known crypto analyst, Capo, to weigh in on whether we are witnessing the start of the much-anticipated <strong>altcoin season</strong>. His analysis provides valuable insights for investors eager to understand the current market dynamics.</p> 
<h2 id="altcoin-projects-boost-performance">Altcoin Projects Boost Performance</h2> 
<p>The <strong>Federal Reserve’s rate cut</strong> has led to noticeable gains across various altcoin projects. According to Capo, many altcoins are breaking free from their bearish trends, showing strong signals of a bullish market. Notably, smaller-cap altcoins are presenting significant profit opportunities for investors. These projects have seen substantial returns, indicating a potential shift in market momentum.</p> 
<h2 id="fed-s-interest-rate-decision-imminent-what-time-will-it-be-announced">FED’s Interest Rate Decision Imminent: What Time Will It Be Announced?</h2> 
<p>Despite the promising signs, Capo emphasizes that <strong>altcoin season</strong> hasn’t fully arrived yet. He points to the <strong>OTHERS index</strong>, which tracks altcoin performance, stating that it must surpass the $265 billion level for a full-fledged bull run to begin. Currently, the index is sitting at $205 billion, meaning altcoin season is still on the horizon but hasn’t fully materialized.</p> 
<h2 id="others-index-shows-bullish-signals">OTHERS Index Shows Bullish Signals</h2> 
<p>Capo highlights the <strong>OTHERS index</strong>, noting that it’s beginning to flash early bullish indicators. This development is seen as a positive sign for the altcoin market. Once the index exceeds the $265 billion mark, the second bullish confirmation will trigger, leading to a true altcoin season. Capo admits that some of his previous bearish predictions were inaccurate, but he remains optimistic about future opportunities, especially for investors eyeing low-cap altcoins.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-45391" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/representing-Bitcoins-rise-and-the-start-of-altcoin-season.-Show-a-glowing-Bitcoin-symbol-at-the-forefront-ascending-on-a-d.webp" alt="Bitcoin Climbs to New Heights: When Will Altcoin Season Begin? = The Bit Journal" width="1792" height="1024" title="Bitcoin Climbs to New Heights: When Will Altcoin Season Begin? 38"></p> 
<h2 id="bitcoin-surpasses-63-000-is-a-new-all-time-high-near">Bitcoin Surpasses $63,000: Is a New All-Time High Near?</h2> 
<p>Following the Fed’s interest rate cut announcement, <strong>Bitcoin</strong> climbed above $63,000, sparking excitement among traders and analysts alike. Some predict that Bitcoin could reach new all-time highs by the end of the year, which would undoubtedly create a ripple effect throughout the crypto market.</p> 
<h2 id="is-the-crypto-rally-here-to-stay">Is the Crypto Rally Here to Stay?</h2> 
<p>Alice Liu, head of research at CoinMarketCap, suggests that <strong>Bitcoin</strong> could rise by as much as 90% in the fourth quarter, potentially surpassing the $73,000 level. If this scenario plays out, it could ignite a broader rally across the entire cryptocurrency market, potentially boosting altcoin prices as well.</p> 
<h2 id="how-will-the-u-s-elections-impact-bitcoin-and-altcoins">How Will the U.S. Elections Impact Bitcoin and Altcoins?</h2> 
<p>With the U.S. elections on the horizon, analysts are warning of potential volatility in the cryptocurrency market. Former President Donald Trump’s positive stance on crypto is seen as a bullish signal, while current Vice President Kamala Harris’s position remains unclear. The election outcome could significantly influence both <strong>Bitcoin</strong> and altcoin prices, making it crucial for investors to remain cautious amid the uncertainty.</p> 
<p>If Trump is re-elected, many believe the crypto market will gain strength. However, market volatility is expected, so traders should proceed with care.</p>

Bitcoin Climbs to New Heights: When Will Altcoin Season Begin?

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The Bit Journal

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