TOTAL3 strongly suggests altseason arrival around the corner.
Analyst believes that the crypto market has entered a mature bull cycle phase.
This boosts expectations for altseason to arrive soon.
The crypto market, excluding the pioneer crypto asset, Bitcoin (BTC), and the pioneer altcoin asset Ethereum (ETH), are showing highly bullish signs. In fact, the altcoin market of TOTAL3 strongly suggests altseason arrival around the corner as the crypto market enters a mature bull cycle phase. Some note the high concentration of growth in the Mag7 and AI sector as the altcoin risk profile deteriorates.
TOTAL3 Strongly Suggests Altseason Arrival
Just yesterday, a reputed analyst declared that altcoins were oversold, meaning a sharp rise in altcoin prices would likely follow suit. At the same time, the analyst also shone a light on the fact that TOTAL 3 bottomed and most altcoins are showing strong signs and indicators signaling a hard reversal for the altcoin market. This is a highly bullish observation for the altcoin market, especially considering the fact that the altseason peak phase has been delayed this bull cycle.
To highlight, the price of ETH, the pioneer altcoin asset, only set its first ATH price last month at $,4900, but above the $4,800 ATH price it had set during the last bull cycle. At the moment, the price of all altcoins is showing strong bullish indicators, with assets like SOL, BNB, FET, ONDO, and SUI having already set a new ATH this bull cycle. Despite that, analysts expect a much more bullish pump for all altcoins once ETH enters price discovery phase once again.
With altseason having been delayed this bull cycle, analysts are certain that the coming altseason peak phase pump will be a lot stronger than expected. In fact, many analyst have stated that the coming altsesaon may be the most bullish one yet, giving traders and investors a golden opportunity to accumulate as much altcoins as possible before the bull pump phase begins, possibly in Q4, which is just a few days away.
https://twitter.com/elliotrades/status/1965502214736396503
As we can see from the post above, this reputed crypto analyst draws attention to the TOTAL3 price chart once again. According to him, TOTAL3 is screaming that altseason is coming and it is right a we are waiting for the rate cut announcement to be made in a few days. He concludes by stating that altcoin prices will skyrocket at unprecedented rates in the next two quarters.
Market Enters Mature Bull Cycle Phase
https://twitter.com/AxelAdlerJr/status/1965472221494931548
Meanwhile, another reputed crypto analyst makes another bullish altcoin statement. As we can see from the post above, the analyst states that the market is in a mature bull cycle phase, with growth highly concentrated in the Mag7 and AI sectors. Thus, further upside potential remains for the altcoin market, but the risk profile has significantly deteriorated. He concludes that the same expectations suffices for Bitcoin as well.
