Wyckoff Cycle Shows Where We Are In The Market And When Altcoin Season Will Begin
The cryptocurrency market may be preparing to hit highs Anticipated altcoin season. As the market rides the bull wave led by Bitcoin, one cryptocurrency analyst determines the current stage of the market using the following method: Wyckoff cycle. This analysis suggests that altcoins are preparing for a “parabolic run” that could kick off the start of the altcoin season.
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Wyckoff cycle reveals which stage the market has entered
A cryptocurrency technical analyst named EtherNasyonal shared chart Cryptocurrency total market capitalizationexcluding Bitcoin. In this chart, you can see the Wyckoff Cycle, a widely used framework for understanding market behavior and trends. The chart shows four different market phases – accumulation, advance, distribution and decline.
accumulation stage is the period when the smart money starts buying assets at lower prices, with prices consolidating over time Selling pressure eases. Once the accumulation phase is complete, the markup phase begins, with price breaking out of the consolidation range and starting an upward trend driven by increased demand.
next stage, Distribution stagewhich is characterized by selling pressure where the smart money starts selling off its holdings, leading to price correction or stable. After this stage, the Markdown stage begins, where Selling pressure exceeds demandtriggering a downward trend.
Based on these unique phases, cryptocurrency analysts revealed that the market is currently in mark stagethis is highlighted by the rise in the prices of various cryptocurrencies. By 2025, 2026 and 2027, the entire market is expected to enter a re-accumulation phase, another markup phase and a distribution phase respectively.
The right side of the chart also shows the continuation of these different market phases, with 2027 to 2030 witnessing the accumulation, rise, and distribution phases.
Altcoin season is about to begin
According to EtherNasyonal’s Wyckoff Cycle chart, altcoin season is about to begin and altcoins are primed to undergo a parabolic run. Altcoin Season This is a period when cryptocurrencies (excluding Bitcoin) experience significant price increases and tend to significantly outperform Bitcoin. based on the past bull market, Altcoins that led the last altcoin season include EthereumCardano, Solana, etc.
Cryptocurrency analysts have revealed that the altcoin season will begin following a re-accumulation phase in the Wyckoff cryptocurrency market chart. Following the markup phase in 2024, a reaccumulation phase will occur in 2025.
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During this re-accumulation phase, analysts expect altcoins to experience an epic rally, which could lead to a strong and bullish season for altcoins. this Bitcoin price performance will also impact this expected altcoin season, as Bitcoin bull run Historically, it precedes past altcoin seasons. Furthermore, as the market decreases Bitcoin Dominance As well as increased demand for altcoins, this may indicate that altcoin season may be around the corner.
Featured images from Pexels, charts from TradingView
