Analysts Predict Incoming Altcoin Season as Market Enters Accumulation Phase

Bitcoin’s price movement between $56,000 and $71,000 could be more significant than it appears, with fresh analysis pointing to this range as a major support zone.

According to blockchain research firm Alphractal, increased transaction activity and miner-related metrics suggest that this level may play a crucial role in shaping future market trends.

A recent report from the firm highlights how rising miner fees, higher hash rates, and strong transaction volumes within this price bracket have historically indicated solid market foundations. Analysts believe that if Bitcoin approaches or dips below $71,000, it could mark a potential bottom, setting the stage for renewed bullish momentum. Previous market cycles have shown that similar patterns in on-chain data have often coincided with key accumulation periods before major price movements.

Looking at Bitcoin’s historical trends, Alphractal points out that similar support zones have emerged in past cycles, such as when Bitcoin traded between $200 and $400, then later between $2,000 and $5,000, followed by $6,000 to $12,000, and eventually within the $15,000 to $26,000 range. Each of these phases preceded substantial price increases, reinforcing the idea that the current levels may serve as another accumulation period before the next leg up.

READ MORE:

Economist Slams Bitcoin Reserve, Warns of Investor Losses Under Trump

While Bitcoin remains the primary focus, Alphractal’s CEO Joao Wedson believes the current market conditions present a major opportunity for altcoins. He suggests that investors should pay attention to new projects, as the market is in a strategic accumulation phase that could precede significant growth. Wedson is particularly bullish on gaming-related cryptocurrencies, viewing them as undervalued assets with the potential for explosive gains. With GTA 6 set for release in late 2025, he anticipates that blockchain-based gaming tokens could attract increased interest and investment, positioning them for substantial upside in the coming months.

Alexander Stefanov