When Does the Altcoin Bull Run Start?

Orhan — Tue, 07 Jan 2025 13:00:48 +0000

Even though Bitcoin has moved, there has been no rally or movement observed in altcoins. So when can this movement come? First, let’s take a look at the BTC.D chart: When we look at the dominance chart on a weekly basis, we can see that the upward trend has broken and there has been a pullback to the trend. If this formation moves according to expectations, there should be a downward movement from here, meaning a downtrend should start. The first support point for this decline is at the 48% level.

So, where is the second signal point we can get? That will be the Total 3 chart. In the Total 3 chart, there was a cup-and-handle formation, and after the breakout, a throwback to the breakout band occurred. Currently, the target for Total 3 will be the 2.1T level.

As a result, considering these two factors and taking into account that in previous cycles, market activity started from this month, we can say that the bull market for altcoins may start soon.

Additionally, the holiday season in the US has ended, and Trump is transitioning into the presidency. This development could signal the start of a crypto wave in the US. Also, some large companies are starting to raise funds for investment. For example, Microsoft’s $80 billion fund set aside for AI acquisitions indicates that there could be a big hype in the AI sector.

Most likely, the rally in altcoins will start with the AI category, and then movement can be observed in other altcoins sequentially.

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USA Presidential Candidate support Bitcoin!

admin — Mon, 27 Nov 2023 16:13:23 +0000

USA Presidential candidate Robert F. Kennedy Jr. advocates for the right to have a free and unregulated currency. Kennedy is uncomfortable with government pressure on Bitcoin and believes that central bank digital currencies will be instruments of power and control. Therefore, he aims to issue some bonds secured with BTC, platinum, gold, silver, and other valuable assets. USA

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Kennedy’s view on Bitcoin remains unchanged. He had previously promised to exempt Bitcoin from income tax and strengthen the US dollar with fixed assets like Bitcoin. In fact, Kennedy admitted to owning Bitcoin in July 2023; a fact he had previously denied but specified in a financial disclosure form.

Kennedy’s vision for a free currency and stance against central bank digital currencies is part of a broader campaign platform. Kennedy enters the presidential race with a platform focused on environmental issues, social justice, and economic reform.

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When Does the Altcoin Bull Run Start?

USA Presidential Candidate support Bitcoin!