Rally

bullish

Bitcoin

Drops

<p>The cryptocurrency market is buzzing with excitement as Bitcoin’s dominance drops from a 3.5-year <a href="https://in.tradingview.com/symbols/BTC.D/" target="_blank" rel="noreferrer noopener">high of 60%</a>. This decline has reignited hopes for an upcoming altcoin rally. Prominent crypto analyst Moustache believes the Altcoin Index is showing one of the strongest bullish patterns in years, signaling a potential "up only" season for altcoins.</p>   
<p>Read on to discover why the experts are hyped! </p>   
<h2 class="wp-block-heading" id="h-bullish-signal-on-altcoin-chart">Bullish Signal On Altcoin Chart</h2>   
<p>Moustache recently pointed out that the Altcoin Season Index is forming an inverse head and shoulders pattern—the most bullish setup seen in 3.5 years. This technical pattern often indicates a major upward trend, suggesting that a strong rally for altcoins might be on the way if the pattern holds.</p>   
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<p>According to Moustache, the altcoin market has been developing this pattern for several years and is now nearing completion. Many altcoins are still trading 90% below their all-time highs, creating favorable buying conditions for investors.</p>   
<p>So far, <a href="https://www.blockchaincenter.net/en/altcoin-season-index/" target="_blank" rel="noreferrer noopener">37 altcoins</a> have outperformed expectations. However, for a full altcoin rally to begin, at least 50 altcoins need to show significant growth, indicating a new altcoin season is underway.</p>   [post_titles_links postid="371281"]   
<h2 class="wp-block-heading" id="h-lessons-from-the-last-bitcoin-halving">Lessons from the Last Bitcoin Halving</h2>   
<p>Looking back at the previous Bitcoin halving event in May 2020, this marked a turning point that led to a massive Bitcoin rally, pushing its price above $40,000 in 2021. However, it took time for altcoins to catch up. From early 2021 to late March, the altcoin market cap grew from $120 billion to about $500 billion.</p>   
<p><strong>Post-Halving 2024: Will History Repeat Itself?</strong></p>   
<p>Now, in the current post-halving phase, altcoins have yet to see a major rally, even as Bitcoin recently hit a <a href="https://coinpedia.org/news/time-to-buy-bitcoin-whales-accumulate-as-asopr-signals-major-surge-ahead/" target="_blank" rel="noreferrer noopener">July high of $69,000</a>. Still, signs suggest they may follow a similar pattern to 2021. While some experts predict altcoins might start to outperform Bitcoin by early 2025, others believe the conditions for a breakout could already be forming.</p>   
<p><strong>As an investor, what are your strategies for capitalizing on the potential altcoin rally?</strong></p>

Altcoin Season Coming? Top Analyst Predicts Massive Rally as BTC.D Drops

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