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Is Altcoin Season Over Or It Never Started? Here’s What Historical Data Says

  • Crypto analyst Michaël van de Poppe believes that the altcoin season has not yet started and the altcoin market is still in a bear market phase, but it is nearing its end.
  • Van de Poppe predicts that the upcoming crypto bull market will be significant, as the current cycle differs from previous ones in terms of market trends and investor behavior.
  • Market deviations, such as institutional investments primarily in Bitcoin, availability of free cash injections due to COVID-19 relief measures, and oversaturation of new meme coins, have hindered altcoins' performance and delayed the onset of a potential altcoin season.
  • The chart analysis presented by TechDev indicates that the altcoin market might be at a crucial turning point, hinting at a potential future altcoin season following a period of relative stability amidst Bitcoin price surges.

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