Shiba

Promise

Dogecoin

bullish

Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>The crypto market hints at a possible long-term bull cycle in the last quarter of the year.</li> 
 <li>Bitcoin and altcoins are expected to lead the rally, with memecoins showing promising potential.</li> 
</ul>  
<p>A bullish flag pattern has been identified in the weekly altcoin market capitalization chart. Meanwhile, the Bitcoin rainbow chart suggests that Bitcoin is currently in the “still cheap” phase.</p> 
<p>The cryptocurrency market has seen several upswings throughout the year, but these increases have often been short-lived, followed by corrections. However, the last quarter of the year may bring a different scenario.</p> 
<h2 id="potential-for-a-long-term-bull-cycle">Potential for a Long-Term Bull Cycle</h2> 
<p>There are several indicators pointing towards a potential long-term bull cycle that could push the market to new highs. Bitcoin, in particular, has surprised investors this year by reaching an all-time high of over $72k during the first quarter. Despite a subsequent drop, historical data suggests that Bitcoin often gains bullish momentum a few months after halving, indicating a possible rally in the upcoming months.</p> 
<p>Similarly, the MVRV ratio, which often goes above 30% each time Bitcoin reaches an all-time high, is another metric to watch. Currently, Bitcoin’s MVRV ratio stands at 2.92%, suggesting a potential price increase in the near future.</p> 
<h2 id="altcoins-gearing-up-for-a-rally">Altcoins Gearing Up for a Rally</h2> 
<p>Typically, the market tends to follow Bitcoin’s lead, suggesting that altcoins could also turn bullish in case of a Bitcoin breakout. In addition, a bullish flag pattern has been identified in the weekly altcoin market cap chart, hinting at a potential altcoin bull run. If a bullish breakout occurs in the upcoming months, the altcoin market cap could see a significant rise.</p> 
<p>Despite short-term uncertainties, the altcoin season index continues to favor Bitcoin, indicating a potential altcoin season if the number reaches or exceeds 75.</p> 
<h2 id="promise-of-memecoins">Promise of Memecoins</h2> 
<p>While the focus remains on top cryptocurrencies like Bitcoin and Ethereum, memecoins have shown promising performance in recent months. Notable examples include Dogecoin and Shiba Inu, while Solana-based memecoins have also gained traction. As such, it will be interesting to monitor the performance of the memecoin market during the next crypto bull run.</p>

Q4 Outlook: Could Bitcoin and Altcoins Outshine Previous Highs?

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CoinEagle.com

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