Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BITCOIN NEWS»Turning Point: Entering an Altcoin Bull Market, Analyst Predictions
BITCOIN NEWS

Turning Point: Entering an Altcoin Bull Market, Analyst Predictions

By Crypto FlexsFebruary 14, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Turning Point: Entering an Altcoin Bull Market, Analyst Predictions
Share
Facebook Twitter LinkedIn Pinterest Email

A prominent cryptocurrency analyst for predict The “altcoin bull market” is imminent. These predictions are rooted in observing notable patterns in altcoin market cap charts.

Accumulation pattern suggests entering a bull market

According to cryptocurrency analyst Mags on

For context, the Wyckoff accumulation pattern, named after Richard D. Wyckoff, a pioneering trader in the early 20th century, is used to identify market bottom phases when institutional investors accumulate assets before the start of a new upward trend.

The Wyckoff Accumulation pattern typically unfolds in five stages (A), designed to highlight how professional attention prepares assets to move into the significant markup stage.

Stage A signals a break in the previous downtrend, with initial demand indicating that the market is no longer making lows. Phase B is characterized by testing. Institutions absorb supply amid volatile price movements, including potential false breakouts.

Phase C provides a key test of the bottom through a “spring” or “shakeout,” allowing smart money to acquire assets at lower prices from retail holders. At this stage, the readiness of the market for development has been confirmed. In stage D, an upward trend begins as demand comes under control, evidenced by a pattern of higher highs and higher lows.

Finally, Stage E is the breakout stage, when the market begins a new uptrend, with prices rising significantly and rewarding the efforts of accumulating large profits.

According to Mags, altcoin market caps have entered the ‘E’ phase of this pattern, which is characterized by a transition from accumulation to a potential price surge.

that much #altcoin Market capitalization has deviated from the large-scale Wyckoff accumulation pattern.

Price is about to enter stage “E” where Alt moves vertically.

The altcoin bull market is coming 🔥 pic.twitter.com/m2XeSoqGIm

— Mags (@thescalpingpro) February 12, 2024

Bitcoin vs Altcoin Market Dominance

Additionally, the Altcoin Season Index, an indicator provided by the Blockchain Center, is currently at 49, suggesting that there is a slight preference for Bitcoin in the market. However, the stage is set for altcoins to surpass Bitcoin in the coming months.

Altcoin Seasonal Index. | Source: Blockchain Center

Specifically, Blockchain Center assumes that an altcoin season is established when 75% of the top 50 altcoins outperform Bitcoin over a 90-day period.

Despite Bitcoin recently approaching $50,000, it has been unable to sustain a close above this level, suggesting an opportunity for altcoins to gain market attention. Although slightly behind Bitcoin, the overall market capitalization of altcoins suggests increasing competition that could reshape the market landscape.

However, recent market trends have shown Bitcoin’s notable performance compared to altcoins, with a surge of more than 15% in the past week, pushing the price past $50,000 yesterday. Meanwhile, Ethereum is up 13% in the past week but is still trading below $2,700.

BNB and XRP recorded gains of 6.4% and 4.1% respectively over the same period. However, Solana and Cardano have surpassed this figure, boasting gains of over 10% following the recent Bitcoin surge.

Altcoin market cap chart on Tradingview.com
Altcoin market cap chart on Tradingview.com

But the altcoin’s total market cap of just under $900 billion, compared to Bitcoin’s slightly higher value of $950 billion, highlights the brewing race for market power.

Featured image by Unsplash, chart by TradingView

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

South Africa central bank insists on the ‘old -fashioned’ exchange control law, which is still valid for encryption regulations.

June 5, 2025

Price prediction of BTC, ETH, XRP, BNB, SOL, DOGE, ADA, Sui, Hype, Link

June 4, 2025

Introduction to Krakeen Prime, a full -service prime brokerage for customer creepto customers

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The Ether Leeum Foundation summarizes a comprehensive financial policy.

June 5, 2025

Using BCC mining increases daily passive income of $ 57,700

June 5, 2025

Ray for the square and scalable AI solutions and RAG pipelines on all scale

June 5, 2025

Economist Henrik Zeberg says that Altcoins is trying to start an explosive stage and updates Outlook and Under-The Radar Crypto for Dogwifhat.

June 5, 2025

How Algorand is quietly building the future of finance around the world

June 5, 2025

As the network activities are slow, Ether Room is unlikely to break $ 3,000 in the short term.

June 5, 2025

AI TOKEN LIVEPEER (LPT) cuts 150% and then falls 40% -What is the leading volatility?

June 5, 2025

NVIDIA DALI improves data processing function with new features.

June 5, 2025

Why is the ratio of cryptocurrency exchanges near Bitcoin’s lowest level of seven years?

June 5, 2025

The XRP face to unlock $ 2.2B. Are $ 2.14’s support under pressure?

June 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The Ether Leeum Foundation summarizes a comprehensive financial policy.

June 5, 2025

Using BCC mining increases daily passive income of $ 57,700

June 5, 2025
Most Popular

bstrminer.com Cloud Mining Agreement -Record a daily soldier

April 23, 2025

Sharplink’s $ 1B Ether Leeum Bet: How to Change ETH’s Game

May 31, 2025

Innovating the future of digital innovation

December 2, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.