Analyzing Altcoin Season And The Impact Of A New Bitcoin All-Time High

Analyzing Altcoin Season And The Impact Of A New Bitcoin All-Time High

Bitcoin price is only striking distance away from potentially setting a new all-time high, or only about a 15% move higher for the new record to be set. As the top-ranked cryptocurrency surprisingly weathers the macro turmoil as of late, altcoins have suffered dramatically and for the most part bled while BTC has been rising. Alt investors are capitulating, and moving their capital into BTC as to not miss the coming last leg up. But what exactly does this mean for the ongoing altcoin season? Is it over? Or will there be another leg up like there could be in Bitcoin – a move that is....


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Are we there yet? Here’s why one analyst says its not ‘altcoin season’

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Alt winds of change? What an altcoin season would mean for crypto

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Believe It Or Not, Bitcoin Maxis, Altcoin Season Might Not Have Yet Begun

Because Bitcoin is the first ever cryptocurrency, it often has a cult-like following of investors who won’t touch an altcoin no matter the potential ROI or promise behind the technology. But the recent alt season has investors in profit from the bull run converting BTC into other coins in search of better performance. After such an incredible run by assets like Ethereum, Cardano, Solana, Dogecoin, and several others, and the fact Bitcoin is building momentum, the expectation is now that BTC dominance will soon reverse, and altcoins will see some reckoning as a result. However,....

Why Bitcoin's next breakout may not be an altcoin season signal

Many investors rely on bullish breakouts from Bitcoin as a sign of the next altcoin season but data suggests this strategy is flawed. On April 14, Bitcoin (BTC) reached a $64,900 all-time high after accumulating 124.5% gains in 2021. However, a 27.5% correction followed over the next eleven days, marking a $47,000 local bottom.The popular Crypto Fear and Greed Index reached its lowest level in 12 months on April 25, signaling that investors were closer to "extreme fear," which was a complete reversal from the "extreme greed" level seen during the Bitcoin rally above $60,000.This downward....