@CryptoMichNL Hi Mike,
Based on current market cycle analysis, is an altcoin season anticipated in 2026? If you foresee one, what month do you project it might begin?
Best,
I remain focused on this chart, which is the Gold one.
In my view, we'll see a new all-time high in the coming days, and that's going to be the big test.
If there's a sweep and harsh rejection, then we might be seeing a significant sell-off.
I do think that this month / January, provides the high for now, and a big macroeconomic event should usually surround it.
Given that liquidity in the financial system is likely to be wider, I would assume it's at its peak in the coming weeks.
Nothing special on todays correction of #Bitcoin.
Just some standard chop happening here, as likely, the volatility will remain high before there's a clear new trend.
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If you think the altcoin season is over, you need to know this:
The total altcoin market cap (excluding $BTC & $ETH) is sitting at around $1.05 trillion
It’s tapping at the previous altcoin market cap high from November 2021
The last time something similar happened was in Feb 2021, when this altcoin market cap tested the previous high from Jan 2018
It then broke through and went from $360B in February 2021 to $1.13T in November 2021 – an increase of over 200%
When we break this $1.13T level, we will witness one of the biggest alt seasons in the history of crypto
Are you prepared?
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Once #BTC surpasses its previous ATH, it typically takes just a few months to hit the cycle peak.
When the LMACD reaches the black trendline, it's a strong signal the top might be in. 🫡
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