{"id":143096,"date":"2024-11-24T18:00:24","date_gmt":"2024-11-24T16:00:24","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143096"},"modified":"2024-11-24T16:26:17","modified_gmt":"2024-11-24T14:26:17","slug":"major-altcoin-boom-could-be-closer-than-we-think-predicts-crypto-analyst","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/major-altcoin-boom-could-be-closer-than-we-think-predicts-crypto-analyst\/","title":{"rendered":"Major Altcoin Boom Could Be Closer Than we Think, Predicts Crypto Analyst"},"content":{"rendered":"<p>\u0422echDev suggests that historical patterns in the market hint at an imminent \u201caltseason,\u201d a period when altcoins outperform <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">When <a href=\"https:\/\/twitter.com\/hashtag\/altseason?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#altseason<\/a>?<\/p>\n<p>Not sure.<\/p>\n<p>But the last 2 started after 3 consecutive weekly closes over the last <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> weekly high\u2026 <a href=\"https:\/\/t.co\/jpsbNZrb3b\" rel=\"nofollow\">pic.twitter.com\/jpsbNZrb3b<\/a><\/p>\n<p>\u2014 TechDev (@TechDev_52) <a href=\"https:\/\/twitter.com\/TechDev_52\/status\/1859357606340444628?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 20, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The analyst points to trends observed during the 2017 and 2020 bull runs. He highlights that past altseasons began after Bitcoin achieved three consecutive weekly closes above its previous cycle high. According to his analysis, Bitcoin\u2019s dominance (BTC.D), which measures its share of the total crypto market cap, tends to drop sharply during these periods, paving the way for altcoin surges.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Another <a href=\"https:\/\/twitter.com\/hashtag\/altseason?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#altseason<\/a> trigger?<\/p>\n<p>When <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> touches this line\u2026 <a href=\"https:\/\/t.co\/ueGxJn4LoK\" rel=\"nofollow\">pic.twitter.com\/ueGxJn4LoK<\/a><\/p>\n<p>\u2014 TechDev (@TechDev_52) <a href=\"https:\/\/twitter.com\/TechDev_52\/status\/1860103482717667394?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 22, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He also notes another potential trigger for altseason: Bitcoin touching specific resistance levels. His charts suggest that altcoins might gain momentum as BTC recently reached the upper band of its Bollinger Bands (BB), a tool used to identify volatility and price extremes. Historically, this has often marked a turning point where altcoins begin to rally.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-143078\" href=\"https:\/\/cryptodnes.bg\/en\/could-the-crypto-market-soar-further-after-genslers-resignation\/\" title=\"Could the Crypto Market Soar Further After Gensler&#8217;s Resignation?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/05\/question-mark-1-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Could the Crypto Market Soar Further After Gensler&#8217;s Resignation?<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>For Bitcoin itself, TechDev believes it has entered a bullish phase, pointing to the Relative Strength Index (RSI) on its two-month chart, which has climbed above 70\u2014a signal of strong upward momentum. He compares the current market dynamics to Bitcoin\u2019s 2017 bull run, where similar patterns in the M1 money supply chart coincided with parabolic price action.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A popular crypto expert predicts that altcoins could soon take the spotlight away from Bitcoin (BTC).<\/p>\n","protected":false},"author":9,"featured_media":50843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,27],"tags":[270,72,424,108],"coin_category":[],"class_list":["post-143096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-bitcoin","tag-altcoins","tag-bitcoin","tag-crypto","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Major Altcoin Boom 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