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The cryptocurrency market could be preparing to enter higher levels Expected altcoin season. As the market rides the bullish wave led by Bitcoin, a cryptocurrency analyst has identified the current phase of the market using Wyckoff cycle. This analysis suggests that altcoins are preparing for a “parabolic run” that could kick off the start of altcoin season.
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The Wyckoff cycle reveals the stage the current market has entered
Cryptocurrency technical analyst known as EtherNasyonal subscriber Chart of The total market capitalization of cryptocurrenciesExcept for Bitcoin. In this chart, the Wyckoff cycle can be seen, which is a widely used framework for understanding market behavior and trends. The chart showed four distinct phases of the market – accumulation, increase, distribution, and reduction.
Accumulation stage It is the period when smart money starts buying assets at lower prices, and prices consolidate Selling pressure decreases. Once the accumulation phase is complete, the marking phase begins, where prices break out of the consolidation range and begin an upward trend driven by increasing demand.
The next stage, Distribution stageIt is characterized by selling pressure, where smart money begins to sell its holdings, leading to… Price corrections Or stability. After this stage, the Markdown stage begins Selling pressure overwhelms demandleading to a downward trend.
Based on these unique stages, the cryptocurrency analyst revealed that the market currently exists Labeling stageThe most notable of which is the rise in the prices of various cryptocurrencies. By 2025, 2026, and 2027, the total market is expected to enter a reaccumulation phase, a further increase phase, and a distribution phase, respectively.
The right side of the chart also shows a continuation of these distinct market phases, with the period from 2027 to 2030 set to see the accumulation, augmentation and distribution phase.
This is when Altcoin season can start
Based on EtherNasional’s Wyckoff cycle chart, the altcoin season is set to begin, with altcoins already poised to experience a parabolic trajectory. Altcoin season It is the period in which digital currencies, with the exception of Bitcoin, experience significant price increases and often significantly outperform Bitcoin. Based on the past bull market, Altcoins that led the previous altcoin season include: EthereumCardano, Solana, et al.
The cryptocurrency analyst revealed that the altcoin season will begin after the reaccumulation phase in the Wyckoff cryptocurrency market chart. The re-accumulation phase is scheduled to take place in 2025, following the coding phase in 2024.
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In this re-accumulation phase, the analyst expects altcoins to see an epic rally that could lead to a strong season and altcoin bull run. the Bitcoin price performance It is also set to impact the expected altcoin season, as The rise of Bitcoin It has historically preceded past altcoin seasons. Moreover, as the market is witnessing a decline in… Bitcoin dominance As demand for altcoins increases, this may indicate that altcoin season may be imminent.
Featured image from Pexels, chart from TradingView