Bullish Signals Align Hinting at Altcoin Season: Alts Expected to Outperform Bitcoin When This Happens

Popular crypto analysts Moustache (@el_crypto_prof) and Michaël van de Poppe (@CryptoMichNL) have recently highlighted bullish signals that could indicate an upcoming “altcoin season,” where altcoins begin to outperform bitcoin.

Moustache pointed out that the altcoin bull market has already started, but many people don’t realize it yet. He referenced several technical indicators that have turned bullish for altcoins, including bullish crosses for the True Strength Index (TSI) and Gooner Exponential Moving Average (EMA), as well as a buy signal from the Supertrend indicator.

Moustache added that a similar thing happened in 2020 with these indicators turning bullish just before the major altcoin bull market took off. However, very few people noticed the signals at that time.

Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!🤫

The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices!

Show more +

In a separate tweet, Michaël van de Poppe noted that bitcoin dominance tends to peak a few months before the bitcoin halvings, which occur every four years. He stated that this pattern of peaking dominance ahead of the halvings happened in 2016 and 2020.

With the next bitcoin halving expected in April 2024, Michaël van de Poppe predicted that once bitcoin bottoms out from its current downtrend, altcoins are likely to start outperforming bitcoin significantly.

In summary, these crypto experts are seeing indications across technical indicators and market cycles that conditions could soon be ripe for altcoins to leave bitcoin in the dust. For altcoin investors, these could be bullish signals hinting that the long-awaited “altseason” may soon kick into high gear. As Moustache stated, many people simply “don’t know it yet.”

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

CaptainAltcoin
Logo