As Bitcoin prices continue to rise, Overcoming market headwinds Analysts predict that the next explosive move could trigger a serious stock rally. altcoin season. Experts are currently targeting a possible rally towards $200,000, identifying this new all-time high as a potential cycle top for Bitcoin, while suggesting that the cryptocurrency has yet to establish a clear bottom.
Biggest altcoin season in history arrives as Bitcoin price explodes
Bitcoin’s next parabolic surge could spark the biggest altcoin season the market has ever seen, according to digital asset analyst CrediBULL Crypto. analyst share Elliott wave chart analysis shows that BTC is in its early stages. Final 5th wavethe phase that has historically produced the most explosive price increases in bull markets.
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Looking at the chart, the first sub-wave of the 5th wave has already shown a 37% rise, suggesting that the upcoming 3rd and 5th waves could be much larger, taking Bitcoin well above $150,000 and even closer to the $200,000 level. CrediBULL Crypto believes that such bullish moves are not based on logic or fundamentals; market psychologyespecially speculation, greed, euphoria. He revealed that this emotional environment often causes and fuels extreme instability. Liquidity rotation to alternative cryptocurrencies.
Historically, when investors start shifting their funds away from Bitcoin and into altcoins, BTCTopwhich usually triggers a full-fledged altcoin season. Many small-cap assets experience rapid and exponential appreciation during this period. Bitcoin Dominance (BTC.D) falls temporarily.
CrediBULL Crypto emphasizes that this phase of irrational exuberance is a natural part of the market cycle. When the Bitcoin frenzy reaches its peak, the resulting FOMO tends to cause investors to seek higher and faster yields on other assets. The analyst further added As long as BTC continues to rise, altcoins are likely to follow suit.
Analysts Recommend Fixing Before Rising
X For preliminary analysis on social media, CrediBULL Crypto I reconfirmed He believes we have not yet reached the top of the current market cycle. Despite the recent volatility and market crash; The catastrophic liquidation incident of October 10thanalysts argue that Bitcoin remains structurally bullish on the High Time Frame (HTF).
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he noticed We believe that the recent market decline may provide traders affected by liquidation cascades an opportunity to restructure their positions ahead of the next explosive leg. He said even a small allocation of about 10% of previous holdings could generate substantial returns if the expected parabolic movement plays out.
CrediBULL Crypto highlights a significant invalidation level around $74,000, suggesting that as long as Bitcoin price remains above this zone, Bitcoin price will not rise in the long run. The upward trend remains. He further reinforced his bullish outlook, claiming that the next big rally could take BTC well above $150,000.
Featured image from Unsplash, chart from Tradingview.com
