- No altseason expectations for this bull cycle are debunked.
- Seasoned analysts share multiple bullish indicators and historical data to say otherwise.
- Altseason peak will bring glorious parabolic pumps for many altcoins this bull cycle.
With the price of Bitcoin (BTC) staggering in the 5-digit price range at prices $97,000 – $98,000 and the Crypto Fear & Greed Index pointing to a score of 38 marking a ‘Fear’ sentiment according to CoinMarketCap analytics, FUD sentiment is leading to many traders wondering if altseason will be as promising as most expected.
To this, several seasoned analysts are drawing parallels with previous bull cycles to draw and highlight repeated patterns. Many believe that Q1 of 2025 will usher in the peak of the altseason due to the fact that historically, every Q1 following a Bitcoin Halving year has done so. Historically, February and March have always been bullish months for ETH and ETH is expected to lead the altseason.
Altcoin Market Cap Retracement Analysis
These facts put together assure seasoned analysts that a glorious altseason is on the horizon. As we can see from the post above, this analyst compares the current altcoin market cap retracement to previous cycles and notices that this cycle’s dip is much shallower than the previous two.
No Altseason Allegations Debunked
This showcases that despite brutal retracements, altseason has always arrived and this cycle is likely no different. Another analyst states that altseason could be right around the corner and shares a bullish chart as shown in the post above. He says that with more traders assuming no altseason the more bullish the outcome for significant gains ahead.
