Cryptocurrency News
3 key indicators traders use to determine when altcoin season begins
2022.06.02 23:31
3 key indicators traders use to determine when altcoin season begins
It’s widely accepted that the fate of the cryptocurrency market depends largely on the performance of Bitcoin (BTC), which makes times like these for crypto traders who prefer to invest in altcoins.
When BTC price is down, altcoins tend to follow, but as a bottoming process begins, altcoins tend to perk up during Bitcoin’s consolidation phases and this typically leads to a call for an altcoin season. While Bitcoin’s current dip below $30,000 shows that it’s a bit premature to call for an altseason, analysts are still charting a variety of different outcomes that point to an altcoin season. Let’s have a look.
