Hey everyone! So, I made a post earlier that got a lot of traction. Some good, some negatives comments were made (you guys did not have mercy.) That’s fine I expected it to be controversial. However, one thing everyone seemed to agree on is I can’t predict the future for certain. This is true, but I can give my opinion and some thoughts on why I think it will happen.
So, last year around the end of march till early june we saw the first extreme “Alt season”. The total marketcap at first didn’t change, but bitcoin dominance started bleeding into other coins which gave them a huge run. Soon afterwards, a lot of new money was coming in causing the total marketcap to double. People have posted the charts of crypto taking a nosedive every new year. You can’t predict the future with history for certain, but it’s a good indicator. And crypto thus far has proven to be repetitive, so if history repeats it will begin around end of march with some coins leading the charge.
Also, why else do I think a bull run is near? The whales want it to happen. The other day some of the largest bag holders of bitcoin market bought hundreds of millions dollars worth all at the same time. The top guy alone bought over 16,000 bitcoins at once. They did this because we were close to falling out of the bullish patterns. Bitcoin still doesn’t have as much money into it as people think. A couple hundred million can still manipulate the entire market. Also, since bitcoin isn’t as anonymous as Mr. Gates proclaimed we have proof of this happening (little shade😉) Just look at the wallets size and the time they all bought. Whale manipulation
Btw open link to see the wallets its the second pic
In conclusion, I’m not saying its 100% certain. But I personally would put my bets on it happening sooner rather than later. Also, just as a reminder if history does repeat itself. Bitcoin will have a run first taking marketshare from all the alt coins causing them to bleed. Then bitcoin dominance cools down and goes back into alts and makes them go up higher then before. So, be careful don’t be too overexposed into alts. Hedge with fiat or btc, ect.
Also, bear in mind that crypto likes to trinkle down from the top. So, if alt season does start expect it to play out something like this. First, you will see high marketaps like ripple, nano, xmr, ect, will have runs first. Then midcaps will follow suite such as req, nebl, ect. In the tail end of the run you will see some smalls caps making some insane runs. For example, last bull run started around November but nano had its insane run a week before the end in beginning of January. Again these are just my observations, goodluck 😊
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