Altcoin markets glue the early signs of a breakout, with many analysts calling for a potential advancement over the next few months.
Crypto commentator Mister Crypto predicts the next 3 to 6 months may be “life change,” suggesting daily acquisitions up to 40% can be the standard.
On one May 11 Post In X, he taught a chart from blockchaincenter.net showing whether the crypto market favors bitcoin (Btc) or altcoins.
When the index is below 25, it is considered the “Bitcoin period,” which means Bitcoin is mainly altcoins. When it’s above 75, it’s “Altcoin season,” which means that Altcoins do better than Bitcoin.
Currently, the chart shows a breakout from a downward trend just below the 29 mark, suggesting a possible transition from Bitcoin’s dominance. This breakout suggests that altcoins can start gaining momentum, which potentially enter a period of time when they increase Bitcoin.
Related: Chances of high prices of bitcoin over $ 110k in May increase – here’s why
This altseason may be different
Others see the rally but warn it is not the same as the previous cycles. The analyst 2lambroz agrees that the altseason may have arrived but said that the dynamics have changed.
“People want to bid but have no belief in any strong narrative,” he wrote to X. He noted that unlike 2021, there was no sign of retail investors entering the market. Entrepreneurs rotate capital faster, with little incentive to hold long -term positions.
Technical businessman mustache offered a more optimistic view. He shared a chart that shows repeated phases of altcoin accumulation followed by explosion. According to him, the current structure reflects in 2016 and 2020. “Altseason 2025 has officially began,” he said.
However, the skeptics will remain. Commentator Rekt Fencer has pointed out that most Altcoins have dropped 90% since December. A moderate 10% bounce this week has sparked over -optimizing, prompting him to mocked the rally. “This is the altseason we are all waiting for,” he joked.
Related: Bitcoin ‘more likely’ hits $ 110k before $ 76.5k – Arthur Hayes
The rallies in the crypto market in global optimization
Crypto markets started the weekend with a strong bullish momentum, driven by the revised investor confidence. Bitcoin rose to $ 104,900, only 4% below all times high after President Donald Trump announced positive developments in US-China trade conversations.
Rally is expanded beyond bitcoin, with ether (Eth) Posting one of the best sunny presentations in the weeks. Memecoins also rebound Obviously, the signing of the modified appetite throughout the wider Altcoin market.
“Crypto has rallied in a wave of global optimism,” Hank Huang, CEO of Kronos Research, told Cointelegraph. “Ceasefire talks between India and Pakistan ease tensions in the region, while news on US-China trade tariffs has signed a modified cooperation between major economies.”
Huang added that Ether’s strong rally increases fuel, lifting altcoins throughout the board. “Bitcoin went up to $ 105k while investors returned to risk ownership, with lightness replacing uncertainty,” he said.
Magazine: Bitcoin eyes numbers, ‘JD Vance set for Bitcoin Talk: Hodler’s Digest, May 4 – 10
