In the cryptocurrency field, "Altcoin Season" typically refers to a period when altcoins outperform Bitcoin, with significant price increases. Following Donald Trump's election as President of the United States on November 6, 2024, the cryptocurrency market will enter an Altcoin Season. From the perspective of Bitcoin breaking through key points, it can be roughly divided into three phases:
• Altcoin Season Launch Phase: From November 6 to November 14, Bitcoin rises from $69,000 to $90,000, with Bitcoin and Memecoin sectors leading the way.
• Altcoin Season Acceleration Phase: From November 14 to November 23, after briefly consolidating at $90,000, Bitcoin quickly breaks through $99,000, with "popular public chains" like Solana and SUI rapidly increasing in value.
• Altcoin Season Full Takeoff Phase: From November 23 to December 5, after consolidating and adjusting at $99,000, Bitcoin officially breaks through $100,000, and altcoins take off in full swing.
There are opinions suggesting that a larger-scale altcoin season may arrive in 2025. Some predict that after most cryptocurrencies establish a bottom from mid-December 2024 to mid-January 2025, the most wealth-generating altcoin season will be on the horizon. Other analyses suggest that, with a large influx of funds into Bitcoin ETFs and Bitcoin's price being relatively stable or slowly rising, the altcoin season may be gradually starting or about to arrive. However, the market situation is complex and ever-changing, making it difficult to accurately predict the specific timing of the Altcoin Season's arrival.