
- Greatest opportunity for altcoins unfolds as analysts notice bullish indicators.
- This could be an all-or-nothing moment for altcoin holders.
- Major strength appears in the support area for altcoins suggesting a massive pump ahead.
Expectations for Bitcoin Dominance to fall and allow altcoins to dominate continue to grow as BTC price staggers int he $97,000 price range. The peak of the altseason shows greater signs of making its debut in the coming weeks. This sentiment comes from the fact that February and March have been historically bullish months for Ethereum (ETH).
So far in this ongoing bull cycle, the price of ETH has yet to set a new ATH unlike BTC and many other altcoins that have set multiple ATHs already. Many analysts expect ETH to trigger the arrival of the altseason’s peak phase once it starts to set its new ATHs. Every Q1 following a Bitcoin Halving year has welcomed the peak altseason phase.
Greatest Opportunity for Altcoins Unfolds
As we move further into Q1, this altseason rally is highly anticipated by the entire crypto market. Analysts across the world are finding multiple bullish signals across all popular altcoins. As we can see from the post above, this analyst sees a bearish divergence forming on Bitcoin’s Dominance in the weekly chart. He takes this as a sign for altcoin breakout and expects an altcoin rally on the horizon.
Altcoins All-or-Nothing Moment Appears
Meanwhile, another analyst shares his take on the matter as well. As we can see from the post above, this analyst shares an observation on the chart marking how the monthly RSI is in oversold territory and a strong support area. In conclusion, he says that this marks either the end of altcoins or the greatest opportunity.
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