The cryptocurrency market is on the verge of a bull run as analyst Dan Gabardello pinpointed a 3-11 week window for the start of altcoin season.
Historical Data and Predictions
Gabardello’s analysis is based on historical market patterns, suggesting the current market conditions resemble those seen before previous altcoin booms.
Current Market Situation
Gabardello acknowledged the frustration among altcoin investors, as many of these digital assets have yet to revisit their all-time highs despite Bitcoin’s recent resurgence. He notes that the total crypto market cap remains below its peak, a key indicator that could signal the onset of altcoin season once it breaks through.
Potential Signals for Altcoin Season
The analyst’s predictions are rooted in patterns observed in previous market cycles. In both of the last two cycles, altcoin seasons began roughly 140 to 154 days after the Bitcoin halving. Gabardello pointed out that Bitcoin dominance is approaching a critical level, which could also signal the start of a new altcoin season.
If historical patterns hold true, the altcoin season can be expected to start within the next several weeks. Investors will be closely watching market indicators to determine the market's next direction.
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