The vast majority of altcoins have been at a low since December 18. When is the next potential rise expected?
I believe it mainly depends on the timing of the next Federal Reserve interest rate cut.
In the next four months, there are three Federal Reserve meetings with expectations for rate cuts. The expectations for the meetings in May and June are slightly higher, allowing us to anticipate that the next major market movement might occur in April to May.
There is no interest rate meeting in February, so the main positive factor could be the speculation surrounding the approval of a few altcoin ETFs. This generally falls under a volatile market, and this volatility is laying the groundwork for the next surge; the longer it consolidates sideways, the higher it may rise.
March 20 Federal Reserve meeting: The market currently bets on an 84% probability of maintaining interest rates, with a 16% probability of a 25 basis point cut.
May 8 Federal Reserve meeting: The market currently bets on a 62.2% probability of maintaining interest rates, with a 33.7% probability of a 25 basis point cut.
June 19 Federal Reserve meeting: The market currently bets on a 30.6% probability of maintaining interest rates, with a 48.1% probability of a 25 basis point cut.