CryptoMediaClub
Sunday, July 27, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Analysts Warn the ‘Biggest’ Altseason Since 2017 Is Just Around the Corner

24.09.2024
A A
0
122
VIEWS
ShareShare

As historical, technical, and fundamental factors ring bullish, analysts believe the groundwork has been laid for an impending altseason, with some citing its potential to be the “biggest bull run for altcoins since 2017.”

In a September 23rd X post, pseudonymous analyst Moustache observed that TOTAL2, the altcoins’ total market cap excluding Bitcoin, was in the process of breaking out of a descending broadening wedge that has been in play for the past six months.

TOTAL2 1W chart, descending broadening wedge pattern. Source: Moustache.
TOTAL2 1W chart, descending broadening wedge pattern. Source: Moustache.

Moustache explained that the optimistic outlook for altcoins is supported by the RSI breaking out of its downward trend fuelled by recent buying pressure, leading to an impending bullish cross from the moving average convergence divergence indicator (MACD).

He further emphasized that this setup could lead to “a god candle like we haven’t seen for years,” signaling a significant bullish movement in the altcoin market.

#Altcoins
I think we will see the biggest bull run for Altcoins since 2017.
All our targets are too low imo.
Charts and on-chain analysis pointing to this will follow this week.

— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲 (@el_crypto_prof) September 23, 2024

With this recent buying pressure, Bitcoin’s dominance has lapsed to 57.48%, down 0.71% over the past week, according to TradingView data.

Analysts have interpreted this sharp decline as a sign that Bitcoin’s dominance is peaking. Investors appear to be selling BTC and rotating their capital into alternative coins, indicating that “altcoins are likely the focus for now.”

The Perfect Storm: Fundamental Catalysts Favour an Altseason

While technical indicators suggest an impending breakout, it is the fundamental catalysts that will sustain a more prolonged altseason. Pseudonymous analyst Tracer outlined this perspective in a September 23rd X thread, highlighting several key factors.

Most notably, the Federal Reserve’s decision to cut interest rates by 50 basis points has fostered a more risk-on attitude among investors, leading them to venture into more speculative investments like cryptocurrency as the cost of borrowing lowers.

Tracer also pointed out the anticipated release of $16 billion from FTX creditors between December 2024 and March 2025, which is expected to inject more capital into the market.

Recent 10x Research reports echo this sentiment, estimating that between $5 billion and $8 billion could re-enter the crypto space, further propelling Bitcoin and Altcoin’s ascent.

Political developments have also significantly bolstered sentiment in the cryptocurrency market, with the upcoming US election emerging as a major catalyst for optimism.

Vice President Kamala Harris’s first public endorsement of digital assets has heightened this bullish outlook. In her recent comments, she affirmed a commitment to supporting crypto and AI to foster innovation.

This endorsement, along with Donald Trump’s open support for cryptocurrency, highlights a growing bipartisan backing that is expected to drive significant momentum in the cryptocurrency space as the push for regulatory clarity intensifies. Tracer summarised:

Everything points to an imminent rise and altseason.

Altcoin Season Isn’t Here Yet, According to Metrics

With this building bullish narrative surrounding altseason, analysts like Tracer forecast a kick-off as soon as 9 days away.

However, it’s not yet time to celebrate, as the altcoin season index by Blockchain Center indicates that “it is not altcoin season.”

According to this index, 75% of the top 50 coins need to outperform Bitcoin over the last season (90 days) for a technical altseason.

Currently, the index shows that just 33% of the leading 50 altcoins have outperformed, a slight step back from its sharp rise to 46% last week.

Altcoin Season Index, not altcoin season. Source: Blockchain Center.
Altcoin Season Index, not altcoin season. Source: Blockchain Center.

Therefore, while optimism is high and catalysts are aligning, caution remains as the market waits for a more decisive shift in altcoin performance.

Meanwhile, we remain in an accumulation zone as we approach this critical juncture, presenting a valuable opportunity for investors to reaffirm their positions on the most promising altcoins leading into altseason.

The post Analysts Warn the ‘Biggest’ Altseason Since 2017 Is Just Around the Corner appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

El Salvador’s Bitcoin Strategy Faces IMF Hurdles and Limited Public Reach, Says NGO
All news

El Salvador’s Bitcoin Strategy Faces IMF Hurdles and Limited Public Reach, Says NGO

27.07.2025
0

El Salvador’s Bitcoin experiment appears to be faltering under the weight of an International Monetary Fund (IMF) loan agreement and...

Read moreDetails
Solana Price Prediction: Key Technical Formation Signals Major Upside Potential for SOL

Solana Price Prediction: Key Technical Formation Signals Major Upside Potential for SOL

26.07.2025
Dragonfly Capital Faces Potential Charges Over Tornado Cash Ties, Vows to Fight Back

Dragonfly Capital Faces Potential Charges Over Tornado Cash Ties, Vows to Fight Back

26.07.2025
Bitcoin Price Prediction: 67% of BTC Still in Individual Hands – What Does This Say About Price Potential?

Bitcoin Price Prediction: 67% of BTC Still in Individual Hands – What Does This Say About Price Potential?

26.07.2025
Ripple CTO Admits He Faked Ozzy Osbourne Fan Q&A: “I Cheated”

Ripple CTO Admits He Faked Ozzy Osbourne Fan Q&A: “I Cheated”

26.07.2025
Load More
Next Post
Hong Kong Expands CBDC Pilot Project

Hong Kong Expands CBDC Pilot Project

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Scott Bessent, Donald Trump’s Leading Treasury Secretary Hopeful, Is Pro-Bitcoin

Scott Bessent, Donald Trump’s Leading Treasury Secretary Hopeful, Is Pro-Bitcoin

9 months ago
Jump Trading Moves Large Amounts of USDC, Expected to Cash out $440M

Jump Trading Moves Large Amounts of USDC, Expected to Cash out $440M

12 months ago
Bitcoin Reclaims $106K After Trump’s Israel-Iran Ceasefire — Is $110K Next?

Bitcoin Reclaims $106K After Trump’s Israel-Iran Ceasefire — Is $110K Next?

1 month ago
TikTok Denies Allegations of Purchasing Trump’s Official Meme Coin

TikTok Denies Allegations of Purchasing Trump’s Official Meme Coin

1 month ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin Price Prediction: 67% of BTC Still in Individual Hands – What Does This Say About Price Potential?

Ripple CTO Admits He Faked Ozzy Osbourne Fan Q&A: “I Cheated”

Ethereum Price Prediction: Is the $3,500 Threshold ETH’s Launchpad for a New Rally?

Weekly Crypto Regulation News Roundup: GENIUS Act Hits Big Tech, SEC Reverses on ETF

XRP Price Prediction: Double Top Pattern Flashes Red – Is the XRP Bull Run Already Over? 

Bitwise CIO Declares “Four-Year Crypto Cycle Is Dead”—Is a Steady, Record-Breaking Boom Next?

Trending

Solana Price Prediction: Key Technical Formation Signals Major Upside Potential for SOL
All news

Solana Price Prediction: Key Technical Formation Signals Major Upside Potential for SOL

26.07.2025
0

Solana is gaining massive traction as Bitcoin dominance decreases and altcoin season accelerates, with SOL currently testing...

Dragonfly Capital Faces Potential Charges Over Tornado Cash Ties, Vows to Fight Back

Dragonfly Capital Faces Potential Charges Over Tornado Cash Ties, Vows to Fight Back

26.07.2025
Bitcoin Price Prediction: 67% of BTC Still in Individual Hands – What Does This Say About Price Potential?

Bitcoin Price Prediction: 67% of BTC Still in Individual Hands – What Does This Say About Price Potential?

26.07.2025
Ripple CTO Admits He Faked Ozzy Osbourne Fan Q&A: “I Cheated”

Ripple CTO Admits He Faked Ozzy Osbourne Fan Q&A: “I Cheated”

26.07.2025
Ethereum Price Prediction: Is the $3,500 Threshold ETH’s Launchpad for a New Rally?

Ethereum Price Prediction: Is the $3,500 Threshold ETH’s Launchpad for a New Rally?

26.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz