Analysts have revealed: Is the expected off-season coming?

Cryptocurrency News - Cryptocurrencies started the day with sales on Sunday, December 15th, but these sales were offset in the following hours. The price of Bitcoin dropped to $101,544 at the beginning of the session. The market's leading asset recovered in the later hours of the day and is currently trading at $103,252. The price of Ethereum was also trading at $3,833 at the start of the session, and it rose to $3,915 in the following hours. Ethereum has been attempting to surpass $4,000 for days. Bitcoin is trying to turn the critical resistance of $100,000 into support.

In addition, things don't seem to be going well in the altcoin market. Especially last week, many altcoins experienced losses of up to 30% in a short period of time. This week, many assets have recovered, but there are altcoins that have not reached their previous highs. Popular crypto analysts argue that the altcoin market is on the verge of an explosion under current conditions.

Analyst Reveals: Altcoin Market on the Verge of Exploding!

Cryptocurrency analyst Michael Van de Poppe said it's time for a new move in the altcoin market, arguing that the market is on the verge of a big move. According to the analyst, altcoins have not yet exploded because they are still in the accumulation zone in Bitcoin pairs. The analyst also warned investors that taking profit from the next move would be rational. Finally, the analyst listed potential profit-taking targets as follows.

"- Watch the BTC pairs of altcoins to see if things are extremely valuable or not.

– Make sure to monitor the levels for repurchase purposes by following the USDT pairs of altcoins.

- Watch ETH/BTC to see how strong the momentum will continue or if there is a HTF resistance area.

- Have a plan to rebalance your portfolio and hedge against risks because you don't want to be fully positioned throughout the year.

Finally, popular crypto analyst Ali Martinez also made a few comments about the altcoin season. According to Martinez, historically, the altcoin season starts after Bitcoin rallies. The analyst says that Bitcoin needs to consolidate for us to enter the altcoin season.

In summary, if Bitcoin's rise stabilizes, altcoin season seems to be on the horizon. You can check out the best altcoins in our content to not miss possible opportunities during this period.

The information in the text is purely informative. It does not constitute investment advice. Yazar and kriptoparahaber.com are not responsible for any profit or loss resulting from your investments. Ultimately, investment relies on various foundations such as knowledge, experience, research, and personal decisions.

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