The crypto market stands on the brink of a potential altcoin season. Analyst Pepa predicts the next major altcoin rally will begin on February 14, 2025. This forecast stems from historical patterns and technical analysis of Bitcoin dominance trends.
Understanding the Current Market Dynamics
Bitcoin’s dominance currently sits at 60.2%, reaching a multi-year high of 61% on February 8. This strong Bitcoin dominance has kept altcoin performance relatively subdued. However, technical indicators suggest a shift may occur soon.
Historical Pattern Analysis
Previous altcoin seasons show a consistent pattern. The first major rally began on February 14, 2017, following the 2016 Bitcoin halving. The second wave started on January 1, 2021, after the 2020 halving. This cyclical behavior supports the predicted February 14, 2025 start date.
Technical Indicators Supporting the Prediction
The total altcoin market cap against Bitcoin (OTHERS/BTC) has touched a crucial support level. This level marks the lower trendline of a multi-year ascending channel. Previous touches of this trendline preceded major altcoin rallies.
Key Market Catalysts
Several factors could trigger the predicted altcoin season:
- Expected decline in Bitcoin dominance from current highs
- Ethereum’s performance against Bitcoin (ETH/BTC pair)
- Post-halving market dynamics
- Historical 44-day chart patterns
Market Implications
Investors should watch for these key signals:
- A clear break in Bitcoin dominance below 60%
- Strengthening of the ETH/BTC ratio
- Increased trading volume in major altcoins
- Breaking of key resistance levels in the total altcoin market cap
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The convergence of these factors suggests a significant market shift could occur. However, traders should maintain proper risk management strategies.
Tags: #AltcoinSeason #CryptoAnalysis #BitcoinDominance #CryptoTrading #MarketCycles
Source: Bitcoinist