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With Bitcoin&#39;s retest of $31,000, discussions on the potential for the upcoming altcoin season are raging throughout the cryptocurrency world. While historically providing more gains than Bitcoin, altcoins also carry greater risk. However, the fact that during market cycles, cash flow has shifted from Bitcoin to the best altcoins and small-cap gems indicates that another period of positive gains may be approaching.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c4b3323fe1244c1baa306fd0430c925a.png" />According to a well-known analyst, new altcoins have a higher chance of outperforming older ones because of things like updated charts and enhanced attractiveness. However, the analyst has <a href="https://coinpedia.org/price-prediction/" rel="noopener noreferrer nofollow">cryptocurrency price prediction</a> that over the next few weeks, Bitcoin will continue to lead the bullish rise. The analyst anticipates that the price increase will continue until Bitcoin has a 58 percent market share.The expert emphasises that there is a significant relationship between altcoin success and BTC D&#39;s recent breakout following a two-year decline. Similar patterns to those seen in the past, including fakeouts and both upward and downward movements, may occur because the current phase resembles a major accumulation range.<blockquote>The analyst suggests that the altcoin market excluding Ethereum has the potential to rally before the bull market kicks off next year.</blockquote><blockquote>However, the analyst thinks <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin projections</a> has to spike towards 58 percent.</blockquote><h3 id="altcoin-market-outlook">Altcoin Market Outlook</h3>Excluding Bitcoin and Ethereum, the analyst is convinced that the altcoin market has a higher likelihood of experiencing another bullish phase before the anticipated major crypto bull season, set to occur next year after the halving event. Despite the mixed regulatory landscape, the crypto market has held steady at a valuation of approximately $1.22 trillion.<a href="https://coinpedia.org/altcoin/crypto-bull-run-predicting-the-next-altcoin-season-amid-bitcoin-price-retest/" rel="noopener noreferrer nofollow">Check out</a> detailed article with discussions about how the next altcoin season have taken center stage in crypto social media.

Cryptocurrency Price Prediction: When is the Next Altcoin Season

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Други статии, публикувани на 26.06.2023 г.

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