Bitcoin’s Current Performance Shapes Altcoin Market Predictions

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Despite Bitcoin breaking all-time records, altcoins have yet to reach desired levels. Those who experienced the surges in 2017 and 2021 know the enormous potential for profits in altcoins. Days of 40-50% daily gains and short-term increases of three to five times, even tenfold, have been witnessed, but that period has not yet begun.

The Altcoin Bull Market

The period when tenfold increases in cryptocurrencies become commonplace is referred to as the altcoin bull market, and it is a hot topic of discussion. When your barber or shopkeeper starts giving you altcoin tips, it likely indicates that you are nearing a peak. Currently, mainstream media is not sufficiently covering cryptocurrencies, and discussions on the street have not reached the previously mentioned levels.

Altcoin Sherpa states that the altcoin season has not yet started. The ETHBTC chart suggests Bitcoin’s growth will continue, maintaining Bitcoin’s strong position over altcoins.

When Will the Altcoin Bull Market Begin?

First, Bitcoin must find its true peak and consolidate at those heights before a brief altcoin rally occurs. Young Ju suggests that we have not yet entered the bubble phase, implying that Bitcoin still has room to grow.

TechDev52, a seasoned cryptocurrency investor, shares insights based on past experiences. Drawing parallels with past market behaviors could predict the next frenzy, emphasizing the need for a strategic exit plan when the market peaks.

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