Crypto market analysts have been scouring the charts looking for signals of an altcoin breakout. However, they have yet to make a big move and usually follow in the wake of a Bitcoin surge.
Bitcoin is currently around 14.5% down from its all-time high, whereas most of the altcoins are more than 50% away from their peaks.It seems that we are on the verge of an Altcoin Season. We are bound to experience it intensely onceThe analyst added that it will be the classic rotation cycle of BTC first, then Ethereum will pump, followed by large-cap
“Now we saw the Altcoin Cycle indicator spike to near-50 before Bitcoin showed strength. We have a feeling the next run-up will happen together.”that “the biggest altseason will start in 9 days.” They added that this has happened twice before, in 2017 and 2021. Meanwhile, ‘Elja’ told his 686,000 X followers that the “biggest altseason will begin in Q4,”to Tradingview.