Based

bullish

when

Momentum

<p>As the crypto market remains dynamic, renowned analyst <strong>TechDev</strong> has projected a shift in dominance from <strong>Bitcoin</strong> to <strong>altcoins</strong>, signaling the potential start of an <strong>altcoin season</strong>. Based on historical data and technical indicators, TechDev believes that the market could soon witness significant gains in alternative cryptocurrencies.</p> 
<p><a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-67567 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg" alt="Crypto Analyst Predicts: When Will Altcoin Season Begin? = The Bit Journal" width="728" height="90" title="Crypto Analyst Predicts: When Will Altcoin Season Begin? 44"></a></p> 
<h2 id="historical-insights-into-altcoin-seasons">Historical Insights into Altcoin Seasons</h2> 
<p>TechDev’s analysis hinges on the <strong>Bitcoin Dominance (BTC.D)</strong> chart, a key metric that measures Bitcoin’s share of the total cryptocurrency market cap. The analyst highlights that in previous cycles, Bitcoin’s dominance surged for approximately three weeks before retreating, paving the way for an altcoin rally. This pattern, if repeated, could indicate that altcoins are nearing their moment in the spotlight.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-71473 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Gc3DyXWW8AEFHDQ.jpeg" alt="Crypto Analyst Predicts: When Will Altcoin Season Begin? = The Bit Journal" width="2285" height="1169" title="Crypto Analyst Predicts: When Will Altcoin Season Begin? 45"></p> 
<h2 id="bollinger-bands-signal-opportunity">Bollinger Bands Signal Opportunity</h2> 
<p>A notable technical indicator in TechDev’s analysis is the <strong>Bollinger Bands</strong>, which identify critical price levels for asset entry and exit. Historically, when Bitcoin touched the upper limits of these bands, altcoins experienced strong upward momentum. This trend suggests that current market conditions may soon favor altcoins as Bitcoin’s growth moderates.<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-71475 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/GdBqNaiWkAAygeI.jpeg" alt="Crypto Analyst Predicts: When Will Altcoin Season Begin? = The Bit Journal" width="2135" height="1119" title="Crypto Analyst Predicts: When Will Altcoin Season Begin? 46"></p> 
<h2 id="bitcoin-s-momentum-and-altcoin-potential">Bitcoin’s Momentum and Altcoin Potential</h2> 
<p>Bitcoin is currently in a <strong>parabolic growth phase</strong>, with its <strong>RSI (Relative Strength Index)</strong> exceeding 70—a level often associated with a bullish market. TechDev points out that similar market behavior in the past has led to altcoin rallies, particularly as Bitcoin’s dominance waned.</p> 
<p>Additionally, Bitcoin’s movements are being compared to the <strong>M1 money supply</strong>, an indicator of economic liquidity. Bitcoin recently breached the upper Bollinger Band in this chart and retested it as support, a move reminiscent of prior bull market phases.<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-71477 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/GcyS_lYWsAAdoe1.jpeg" alt="Crypto Analyst Predicts: When Will Altcoin Season Begin? = The Bit Journal" width="1272" height="820" title="Crypto Analyst Predicts: When Will Altcoin Season Begin? 47"></p> 
<h2 id="what-this-means-for-altcoins">What This Means for Altcoins</h2> 
<p>With Bitcoin trading at $98,508 and showing strong momentum, the analyst believes that <strong>altcoins</strong> could soon outperform as investors diversify their holdings. Altcoin rallies often emerge when Bitcoin’s dominance weakens, allowing smaller projects to thrive.</p> 
<h2 id="preparing-for-altcoin-season">Preparing for Altcoin Season</h2> 
<p>TechDev advises investors to remain vigilant and prepared for potential opportunities in the altcoin market. Strategic timing and market awareness are critical as this transition unfolds. The Bit Journal emphasizes that while this period offers substantial potential, it also comes with inherent risks that require careful consideration.</p> 
<h2 id="final-thoughts">Final Thoughts</h2> 
<p>The shift in market dynamics could unlock new possibilities for investors. As <a href="https://thebitjournal.com/bitcoin-stays-steady-while-these-5-altcoins-surge/" target="_blank" rel="noopener">Bitcoin</a> cedes ground to altcoins, those who act with precision and caution may find themselves at the forefront of this anticipated rally. Stay informed with The Bit Journal for timely updates and insights into the evolving crypto market.</p> 
<ul> 
 <li><a href="https://twitter.com/Thebitjournal_" target="_blank" rel="noopener nofollow">https://twitter.com/Thebitjournal_</a></li> 
 <li><a href="https://www.linkedin.com/company/the-bit-journal/" target="_blank" rel="noopener nofollow">https://www.linkedin.com/company/the-bit-journal/</a></li> 
 <li><a href="https://t.me/thebitjournal" target="_blank" rel="noopener nofollow">https://t.me/thebitjournal</a></li> 
</ul> 
<p>Follow us on Twitter and LinkedIn and join our Telegram channel to be instantly informed about&nbsp;breaking&nbsp;news!</p>

Crypto Analyst Predicts: When Will Altcoin Season Begin?

Table of Contents

The Bit Journal

Other articles published on Nov 25, 2024

NFT Trading Volumes Increase Amid Market Optimsim

Bitcoin Surpasses Key Price Levels and Sets Expectations for Altcoins

MicroStrategy Expands Bitcoin Portfolio: Analysts Predict $830 Billion by 2033

How PrimeTech Digital Africa is disrupting Nigeria’s training sector with AI-driven tools

Odds of Bitcoin Hitting $100,000 Collapse

Investors warn strong US dollar set to hit emerging market bonds

Join our free newsletter for daily crypto updates!