Forecasting Altseason: Why December Could Spark the Next Rally
I expect that the altseason will start around December, following a similar pattern to the days after the Bitcoin halving event.
Based on historical market cycles, it seems likely that a potential altseason could begin in December, a few months after the anticipated Bitcoin halving event in April 2024. In the past, we have seen Bitcoin's price surge post-halving, typically leading to increased market interest in altcoins once Bitcoin enters a phase of consolidation. Given that Bitcoin often drives the market's overall sentiment, a sustained rally or stability in Bitcoin’s price could redirect attention toward alternative cryptocurrencies, sparking the onset of altseason.
This timing aligns with previous trends where after major Bitcoin price movements, altcoins often experience significant price action as capital shifts to other assets. Traders and investors tend to reassess their portfolios at the end of the year, adding further weight to the idea of a December rally for altcoins.
Based on historical market cycles, it seems likely that a potential altseason could begin in December, a few months after the anticipated Bitcoin halving event in April 2024. In the past, we have seen Bitcoin's price surge post-halving, typically leading to increased market interest in altcoins once Bitcoin enters a phase of consolidation. Given that Bitcoin often drives the market's overall sentiment, a sustained rally or stability in Bitcoin’s price could redirect attention toward alternative cryptocurrencies, sparking the onset of altseason.
This timing aligns with previous trends where after major Bitcoin price movements, altcoins often experience significant price action as capital shifts to other assets. Traders and investors tend to reassess their portfolios at the end of the year, adding further weight to the idea of a December rally for altcoins.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.