Bitcoin the largest cryptocurrency by market cap price has experienced a nearly 7% decline over the past week, dropping from its $100K milestone. Despite this, its dominance remains steady, consolidating just below 58%.
Meanwhile, Prominent crypto analyst Michael van de Poppe hints that a massive altcoin season might be just around the corner. He draws a compelling parallel between the next two years to historic financial booms, he suggests altcoins could be gearing up for explosive gains.
Altcoin Cycle To Peak
In a recent tweet post, van de Poppe compared the next two years in crypto to the boom periods of 1928-1929 and 1998-1999. He believes this could bring huge opportunities for investors, especially in altcoins.
The periods he referenced were marked by a rush into new technologies, stock market growth in the late 1920s, and the internet boom in the late 1990s.
Similarly, van de Poppe sees the crypto market entering a “peak cycle,” where the potential for returns is extraordinarily high.
Drawing a parallel to these periods, van de Poppe suggests that the crypto market, particularly altcoins, could experience a similar explosion in value. Those prepared for this cycle could potentially see significant gains, similar to past historic opportunities.
Altcoin To Rally in Early 2025
Altcoins are gearing up for a potential explosive rally as they enter the “140-day Golden Window,” a critical 20-week period when altcoins historically surge while Bitcoin’s dominance declines.
However, Bitcoin dominance recently faced rejection at the 0.618 Fibonacci retracement level and is now hovering around 58%. This shift could set the stage for altcoins to shine in the coming months.
Meanwhile, the Altcoin Season Index has climbed slightly to 51, hinting at growing momentum. However, the market remains in Bitcoin Season, as less than 25% of altcoins are outperforming Bitcoin over the last 90 days.
All eyes are on Q1 2025 as investors expect an altcoin rally that could reshape the market.
