Bitcoin rises alone, do altcoins still have a chance?
Key signals analysis for the second half of the bull market
Recently, Bitcoin has been reaching new highs, while altcoins have shown weakness, leading many investors to question: Will the altcoin season come again? Historical data tells us that the explosion in the second half of the bull market is just a matter of time, and now is the right time to position.
When will the altcoin season arrive? Key patterns revealed
Looking back at the bull markets of 2017 and 2021, the explosion of altcoins lagged about 20 days after Bitcoin peaked:
In 2017: After Bitcoin peaked in December, capital overflow drove altcoins to soar within 20 days;
In 2021: Bitcoin peaked in April, and altcoins subsequently entered a frenzy of catch-up.
Currently, Bitcoin has been rising independently for only 2 weeks; based on historical patterns, a full explosion of altcoins may still require 2-4 weeks.
Signals released by Bitcoin's market cap share
The market cap share of Bitcoin breaking 60% is an important watershed:
Share of 60%-70%: Bitcoin rises alone, while altcoins gather strength; Share falling back to 40%: Signal of altcoins peaking, caution is needed for a bear market.
Currently at 63%, indicating that Bitcoin may continue to lead, but capital overflow will trigger the altcoin season.
What should we do now?
Missed Bitcoin? Don’t panic! Mainstream altcoins are still at low levels, this is a last-chance opportunity; Be patient: After Bitcoin's share peaks, altcoins will welcome a retaliatory rebound; Keep a close eye on market cap share: If Bitcoin's share falls below 40%, decisively escape the peak.
The second half of the bull market is just around the corner, now is the right time to position! Stay patient and wait for the madness of the altcoin season.
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