Analyst Says December Surge Was The ‘Preview’, Don’t Miss The Movie
The encryption market is doing Explosive cottage seasonThis may soar the main cryptocurrency to a new high. After experiencing a surge in December, Altcoins made corrections to make their next step uncertain. However, Captain FAIBIK believes that the recent callback is only the “trailer” of the main event, which may marked the beginning of the next rally in February.
Bull Thanant signal Altcoin season prosperity
In the recent X (previously Twitter) postalCaptain FAIBIK suggested that as the recent market indicator, the Altcoin season may be very good Niuba Deng Display positive signals that support this prediction. Analysts revealed that in early December 2024, the cryptocurrency market had previously experienced a major upward trend Enter the stage of depth correctionEssence
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Captain FAIBIK said that this decline is necessary because it allows the market to calm down after a significant increase. Generally, when cryptocurrencies have experienced strong growth and subsequent prices fall, it tends to wash the weak people in the market and reset the overheated indicators. in the case of Encryption marketThe recovery is regarded as a healthy market resetting, which can lay the foundation for a stronger upward trend.
Encrypted analysts continue to move forward and point out The market is more correctPay the way for the next wave of waves. He shared the chart of the total number of representatives Encrypted market value It does not include Bitcoin (BTC) and Ethereum (ETH) within one day of time.
At present, the price action of the cryptocurrency market is forming a bull pentagon that is characterized by a trend line. Break through Cow pattern It is expected to lead to a wider range of market value goals of 1.4 trillion US dollars.
The analyst said that if the bull Beetle mode is decomposed upward, it may be the bullish month of Altcoins in February. He warned investors Buy and hold a schoolbag While waiting for this, it is said to have an explosive cottage season.
Historically, the altcoin season has been seen Cryptocurrencies other than Bitcoin increase Because investors’ interests and needs from BTC to other alternative coins are huge. Ethereum usually causes this trend because its growth is usually triggered in the Altcoin market. However, and ETH performance is not good Violation of all expectations, maturity possibilities The cottage currency season is still uncertainEssence
ALTSEASON was launched in February
Share a similar point of view with Captain FAIBIK Forecast of the bench seasonMany analysts speculate that this bullish trend will occur in February. Specifically, the well -known crypto analysts on X on X, cryptocurrency roamer, Announce The Altcoin season will begin in the next two days.
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The analyst shared a chart to introduce the monthly return of Ethereum from 2016 to 2024. The February column showed that ETH performed well during this period of time, and the maximum return in 2017 was 48.09 %. Based on this analysis, cryptocurrency roamers suggest that signal can be issued in February Watch the cottage currency periodTriggering the beginning of the highly anticipated Altcoin season.
Charts from unsplash characteristic images, tradingView.com
