Altseason is how cryptocurrency traders call a specific moment in a bull market when most altcoins Bitcoin (BTC).
As it happened in previous cycles, Bitcoin leads each cycle’s impulse, starting an upward movement and increasing its dominance. Other cryptocurrencies then follow BTC leadership during its consolidation. Interestingly, this usually results in better individual performances than the leader, boosting Altcoin’s total capitalization.
After a profitable year for Bitcoin investors, analysts speculate if 2023’s altseason is about to start. Notably, BTC is up by more than 130% since November 2022, with 52% dominance, while altcoins’ total market cap lags behind.
One of these analysts answers on X for the pseudonymous Moustache (@el_crypto_prof). In particular, Moustache identified a possible breakout for altcoins from the Gaussian Channel, imitating a pattern from three years ago. The same pattern was also spotted in 2016, starting the first big altseason in history.
Altco
We współpracy z: https://finbold.com/altseason-incoming-altcoins-broke-out-from-this-3-year-pattern/
