2024

Rekt

Rise

<p>The post <a href="https://coinpedia.org/news/altcoin-season-2024-on-horizon-heres-how-high-bitcoin-and-altcoins-will-rise/">Altcoin Season 2024: Analyst Predicts Q1 Hype Cycle for Bitcoin and Altcoins</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Crypto strategist Rekt Capital, renowned for accurate predictions, hints at a potential Q1 2024 altcoin hype cycle. With a significant following in the crypto community, Rekt Capital draws connections between Bitcoin’s Pre-Halving Rally and Ethereum’s current pricing dynamics, signaling the stage for an impending surge in <a href="https://coinpedia.org/price-analysis/top-5-lesser-known-altcoins-to-buy-in-q1-2024-for-minimum-10x-profits/">altcoin activity</a>.</p> 
<h2 class="wp-block-heading" id="h-altcoin-rally-unveiled"><strong>Altcoin Rally Unveiled</strong></h2> 
<p>In a <a href="https://twitter.com/rektcapital/status/1755185028571566309">recent analysis</a>, Rekt Capital, a pseudonymous analyst, offers a glimpse into the possibility of an impending altcoin rally. The strategist’s observations on altcoins unfold against the backdrop of the recent turmoil market.</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">New edition of the Rekt Capital Newsletter is live <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>Altcoin Q1 Hype Cycle Around The Corner? – PART 2<br><br>Features analysis on the Altcoin Market Cap, <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a>'s Pre Halving Rally phase, Altcoin Hype Cycles and <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>, <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LINK</a> &amp; <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a><br><br>Sign up to read it here:<a href="https://t.co/65oqHg7JNk">https://t.co/65oqHg7JNk</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1755185028571566309?ref_src=twsrc%5Etfw">February 7, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-decoding-altcoin-market-cap-trends">Decoding Altcoin Market Cap Trends</h2> 
<p>Exploring the Altcoin Market Cap over recent weeks, Rekt Capital identifies a consolidation pattern moving towards its apex, indicating an imminent shift in the overall trend, presenting a crucial moment for market participants.</p> 
<p>The Altcoin Market Cap currently sits at the heart of this pattern, signaling a pivotal decision on its trend may transpire in the upcoming week. This consolidation phase follows a series of historical retest attempts, each marked by distinctive circles.</p> 
<p>This Might Interest You: <a href="https://coinpedia.org/price-analysis/top-altcoins-to-buy-now-for-maximum-gains-in-this-crypto-bull-cycle-lark-davis/">Top Altcoins To Buy Now For Maximum Gains In This Crypto Bull Cycle – Lark Davis</a></p> 
<p>The initial retest, highlighted with a green circle, centered around the green area. Notably, in 2023, this region evolved into a new support level, having previously acted as resistance in 2022 (as indicated by the red circle).</p> 
<figure class="wp-block-image size-full">
 <img decoding="async" width="914" height="579" src="https://image.coinpedia.org/wp-content/uploads/2024/02/07183203/Rekt-Capital-altcoin-analysis-chart.png" alt="" class="wp-image-267964" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/07183203/Rekt-Capital-altcoin-analysis-chart.png 914w, https://image.coinpedia.org/wp-content/uploads/2024/02/07183203/Rekt-Capital-altcoin-analysis-chart-300x190.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/07183203/Rekt-Capital-altcoin-analysis-chart-768x487.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/07183203/Rekt-Capital-altcoin-analysis-chart-150x95.png 150w" sizes="(max-width: 914px) 100vw, 914px">
</figure> 
<p>Following this, a second historical retest, denoted by a yellow circle, focused on the red horizontal level of $182 billion. Sequential retests of the green area and the horizontal red level echo established historical patterns.</p> 
<p>As of today, the Altcoin Market Cap is undergoing the yellow-circled retest, intermittently dipping into the red horizontal $182 billion level over recent weeks. Despite this volatility, the retest of the red level remains successful, instilling stability and potentially paving the way for the Altcoin Market to revisit the $250 billion mark over time.</p> 
<h2 class="wp-block-heading" id="h-building-momentum">Building Momentum </h2> 
<p>Essentially, the Altcoin Market Cap is constructing a solid support base at the new Range Low of the red $182 billion level before embarking on an upward trajectory towards the new Range High resistance at $250 billion.</p> 
<p>The crypto community is eagerly monitoring these patterns, fueled by the anticipation of an imminent Q1 hype cycle for altcoins. As Rekt Capital’s insights continue to captivate the market’s attention, enthusiasts brace themselves for potential market-shaping movements in the near future.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/bitcoin-prepares-for-pre-halving-rally-analysts-eye-50k-target-in-few-weeks/">Bitcoin Prepares for Pre-Halving Rally: Analysts Eye $50k Target in Few Weeks</a></p>

Altcoin Season 2024: Analyst Predicts Q1 Hype Cycle for Bitcoin and Altcoins

Innholdsfortegnelse

CoinPedia News

Andre artikler publisert på 7. feb. 2024

The Rise of AI in Combating Identity Fraud

XRP Ledger’s adoption soaring; Chainlink alternative posts strong growth

KoinBay - Simplifying Crypto Trading with a Centralized Exchange

Bitcoin is likely to be flat until summer — so trade bravely

BONK presents buyers with another chance to go long

Bluesky, the Claimed Competitor of ‘X,’ is Now Available For All

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!