Ethereum

Rally

Bitcoin

Captain

<p>The post <a rel="nofollow" href="https://coinpedia.org/altcoin/crypto-market-outlook-heres-when-traders-can-expect-altcoin-season/">Crypto Market Outlook: Here’s When Traders Can Expect Altcoin Season</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The altcoin market excluding Ethereum has steadily held above $300 billion since June last year. With minimal cash inflow into the altcoin market during the bear market compared to the bull rallies, cash rotation from Bitcoin and Ethereum is the major lifeline supply. However, the Bitcoin market has significantly dominated the crypto bear market rally YTD amid increased demand from institutional investors, as depicted by the ETF frenzy, and mainstream retail traders.</p> 
<h2 class="wp-block-heading" id="h-altcoin-season-before-eoy">Altcoin Season Before EOY</h2> 
<p>According to a popular and respected crypto analyst, Captain Faibik, most indicators are pointing to an altcoin season in the upcoming months. However, the analyst pointed out Bitcoin price action as the biggest impediment to the onset of an altcoin season. Notably, the analyst highlighted that the Bitcoin price must range between $26k and $30k, and its dominance drop by a factor of 4-5 percent in the coming months for the altcoin season to materialize.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">When <a href="https://twitter.com/hashtag/Altseason?src=hash&amp;ref_src=twsrc%5Etfw">#Altseason</a> Sir?<br><br>If Bitcoin Maintains Stability within 26-30k Range and Experiences a Gradual Decrease in Dominance by 4-5% in the Upcoming Months, a Healthy Altcoin Rally can be Expected.<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <a href="https://t.co/rQ6w6227ZQ">pic.twitter.com/rQ6w6227ZQ</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1676449787531636738?ref_src=twsrc%5Etfw">July 5, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The analyst <a href="https://twitter.com/CryptoFaibik/status/1676449787531636738">expects</a> the total altcoin market cap excluding Bitcoin and Ethereum to hit $650 billion. After consolidating for the past year, technical indicators including the daily RSI point out an imminent breakout. Further, the weekly RSI shows a rising divergence on a possible triple bottom on the altcoin market cap excluding Ethereum.</p> 
<p>Arguably, the effects of several crypto projects going bankrupt late last year and earlier this year are still reverberating across the industry. With thousands of investors still unable to access justice, the altcoin season could delay compared to historical records.</p>

Crypto Market Outlook: Here’s When Traders Can Expect Altcoin Season

Съдържание

CoinPedia News

Други статии, публикувани на 5.07.2023 г.

Sweat Economy Introduces Free NFT Game for Fitness Motivation

Bitcoin and Ethereum: Potential Election Bribery Instruments, Warns Taiwan’s Ministry of Justice

XRP Price Could See New All-Time High If It Prints Another Golden Cross

Binance Australia Office Searched by ASIC in Derivatives Probe

Dogecoin (DOGE) Enters Bull Run, Co-Founder Reacts

Law Firm Bills Voyager $5 Million In Legal Fees For March-May

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!