What is altcoin season

Currently, the cryptocurrency market encounter a rather unique set of circumstances. Bitcoin still dominates the market. These four traders are just the tip of the iceberg. In addition, Trader Max, also known as Bitcoin Jack , had the same response. More Stories.

Should I Buy?

Follow us on Twitter or join our Telegram. As Bitcoin dominance in the crypto market grows, another altcoin rally may be just around the corner, and tightly tied to the price movements of BTC, some industry players estimate. Although there are disagreements as to what that tie really looks like, some argue that it is only a matter of time before whales move into altcoins, increasing demand for them, which in turn increases the price. At pixel time, only 16 coins among the top coins by market capitalization registered higher gains than Bitcoin. Also, less than 30 coins registered gains in the past week.

Top Technical Analyst: ‘A Big Bull Market’ In Crypto Is on the Horizon

Alternative coins or altcoins have been slowly bleeding over the last two years. This is especially true for altcoins in their bitcoin BTC pairs. Some mid-cap coins have even breached their historical support levels and…. After a cold summer, altcoins are about to heat up again, analysts suggest. Image: Shutterstock. Some mid-cap coins have even breached their historical support levels and are printing fresh lows on an almost daily basis. For experienced traders, watching retail investors capitulate is always a good sign.

😱ALT SEASON 2019 — Is It Here?! — Bitcoin & Altcoin Prediction & Analysis Today — October 2019 🏮

Top Technical Analyst: ‘A Big Bull Market’ In Crypto Is on the Horizon

One in particular is Crypto Bitlord, who has overfollowers. What are the results? From February until about Februarywe have witnessed a downward cycle, ie the period in which investors have taken the profits of the bullish cycle of late and early January I still believe, however, that there is a good chance that there will be an anticipatory effect of the alt season which what is altcoin season latcoin accentuated after the BTC rally. Bitcoin is still dominating the market as never. After the first halving the price of BTC skyrocketed, then crashed. That is another reason why Bitcoin dominance was waning during the year. Nowadays, a price surge is not likely to happen for the sake of altcoins themselves. A,tcoin were particularly strong increases for altcoins for significant periods of time. Currently, it seems there are 4 possible factors highlighting that Altcoin Season is coming: Bitcoin is halved some time ago Bitcoin dominates the market Bitcoin reaches a new All-Time High ATH There are plenty of new players in the market Bitcoin halving As you know, the supply of Bitcoin is limited. It zltcoin cut in half. I have been saying for months that BTC would drop. For experienced traders, watching retail investors capitulate is always a good sign. We know that you have contributed significantly to the listing of Dogecoin on Binance, can you tell us more about this cryptocurrency? Leave a Reply Cancel reply Your email address will not be published. However, the Bitcoin price stands in the core of this trend. Follow the author on Twitter kirilnikk kirilnikk gmail.