Is This The End of the Bull Run?
Despite the downtrend in Bitcoin price and the crypto market crash, most analysts would not agree with concluding this as the end of the Bull run. Instead, most of them are optimistic about the further rally, especially as the market moves towards 2025. However, a few see it as the beginning of the altcoin season as the altcoin market is growing.
More importantly, with Bitcoin’s dominance declining in the past few days, many call it an expression of altcoins gaining strength in the market. Even the Altcoin Season index is at 61, which is high, but dropped from 86 at the beginning of the month, which some conclude as the entry in the Altcoin season, which lasted short.
For now, the crypto market condition is the much-expected pulldown and has not put a full stop to this bull run just yet. However, the next few days could change that entirely, as the FED meeting, CPI, PPI, and Import and export price index reports could push the market in any direction. However, in contrast, with the high liquidation and the crypto market crash, it is an opportunity for many to buy the cryptos at a low, which could bounce it back with new buyers entering the market.