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Master Name Announced: When Will Altcoin Season Come?

Usta İsim Açıkladı: Altcoin Sezonu Ne Zaman Gelecek?
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Popular crypto analyst TechDev has stated that Bitcoin’s dominance will decrease and altcoin projects will rise. The analyst points out that a new altcoin season is near, based on past bull seasons. So, what is the direction of the market for Bitcoin and altcoins?

Historical Data on Altcoin Season

TechDev evaluates altcoin rally signals using the Bitcoin Dominance (BTC.D) chart. BTC.D is a key indicator that measures Bitcoin’s dominance in total market value. The analyst emphasizes that in past cycles, Bitcoin has experienced three weeks of growth. After these periods, BTC.D has fallen, triggering altcoin rallies.

The Master Name Announced: When Will the Altcoin Season Come?

TechDev also draws attention to Bollinger Bands, stating that he sees a significant opportunity for altcoins. Bollinger Bands are an indicator used to determine critical entry and exit points in the price movements of assets. The analyst states that altcoins come to the scene during periods when Bitcoin touches the upper limit of these bands.

Bitcoin Technical Data and Altcoin Signals

TechDev says that there are important signals in Bitcoin’s technical indicators . Bitcoin is currently in a parabolic bullish area, with the RSI value exceeding 70. The RSI is a momentum indicator used to identify overbought or oversold areas. The analyst explained that this level indicates a bull market.

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The analyst also compares Bitcoin’s past movements with the M1 money supply chart. M1 represents the total money supply in the US economy. Bitcoin has broken the upper limit of the Bollinger Bands on this chart and retested it as a support level. TechDev emphasizes that this movement is similar to past bull seasons.

Prospects for Altcoins and the Role of Bitcoin

Bitcoin is currently trading at $98,508 and is showing strong market momentum. However, TechDev believes that there is a period ahead where altcoins can take the lead against Bitcoin. Altcoin rallies are usually known to strengthen when Bitcoin is losing its dominance.

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The analyst states that investors should be prepared to evaluate the opportunities for the altcoin season. However, it is necessary to carefully monitor market dynamics and consider the risks during this process. While Bitcoin’s leadership makes room for altcoins, the market contains both opportunities and uncertainties for investors.

A Critical Period for Investors

Altcoin season expectations have created great excitement among investors. However, it is very important to follow careful strategies and follow the changes in the market during this period. This balance of power between Bitcoin and altcoins can open the door to new opportunities in the crypto market. As we reported at Kriptokoin.com, correct analysis and timing will be the most important factors determining the success of investors in this process.

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Master Name Announced: When Will Altcoin Season Come?
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