Altcoin Bull Run is Coming in Less Than 4 Months, According to Analyst

The cryptocurrency market might be gearing up for a new phase of growth, with analyst Dan Gabardello predicting a possible surge in altcoin activity within the next few months.

Gabardello’s insights suggest a 3 to 11-week window during which altcoin investments could gain traction.

Altcoin Season COUNTDOWN Is On! CRYPTO Data Shows EXACT Window!

Intro 00:00
Altcoin season narrative begins 1:05
Total crypto market cap data point 2:20
Bitcoin dominance data point 4:15
The exact timeframe for altcoin season 6:30
Anticipate every scenario 8:30 pic.twitter.com/mKSsN3qV4K

— Dan Gambardello (@cryptorecruitr) August 21, 2024

Gabardello’s analysis draws on past market behaviors, indicating that the current conditions are reminiscent of periods preceding previous altcoin rallies. In a recent update on X (formerly Twitter), he highlighted that the market might soon experience the long-awaited altcoin season.

Despite Bitcoin’s recent advances, many altcoins have yet to reach their former highs, contributing to investor frustration. Gabardello notes that the overall cryptocurrency market capitalization is still below its peak, which could signal an imminent shift if it surpasses previous levels.

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His predictions are based on historical trends, with altcoin rallies typically beginning around 140 to 154 days following Bitcoin halvings. Given the current market cap of $2.2 trillion—about 30% below its 2021 peak—Gabardello believes that a similar pattern could emerge.

Another crucial element in Gabardello’s forecast is Bitcoin dominance. He points out that a drop in Bitcoin dominance, after reaching a peak, has historically preceded altcoin seasons. This shift is expected to align with his projected timeline, roughly 200 days after the latest Bitcoin halving.

Gabardello’s forecast suggests a likely altcoin rally within the next 3 to 11 weeks. However, he advises investors to consider broader economic conditions, on-chain metrics, and global political events, all of which could impact the potential for an altcoin surge. He also cautions investors to be ready for various scenarios, including the possibility that the anticipated rally may not occur.

Alexander Stefanov