Decoding the Altcoin Cycle Predictions by a Crypto Expert

Predicting the Altcoin Cycle

Bitcoin (BTC) recently hit an all-time high of $69,000 before experiencing a pullback below $60,000 on the same day.

Cryptocurrency traders are eagerly anticipating an altseason, where altcoins may surge to previous highs.

• Credible Crypto analyzes historical patterns to forecast potential outcomes for the altcoin market.
• The expert outlines two scenarios that could trigger an altseason, focusing on Bitcoin's price movements and subsequent altcoin rallies.

Key Scenarios for Altseason Ignition

1. BTC tags ATH but rejects breakout, leading to potential altcoin surge during consolidation.
2. BTC breaks ATH, experiences gains, consolidates, and then kicks off the altcoin cycle.

As per the crypto expert, altcoins are likely to flourish once Bitcoin stabilizes after a price hike or correction.