The cryptocurrency market is buzzing with excitement as Bitcoin $111,562‘s price nears $96,300, and the correlation with the S&P 500 has dissolved. Ethereum
$2,654 is showing signs of resurgence, and the rebound in the ETH/BTC pair is sparking optimism among altcoin investors, signaling an end to prolonged stagnation. This raises the question: What are the latest predictions for an altcoin bull market?
When Will the Altcoin Bull Market Arrive?
The answer could be “soon,” supported by two key factors. The first is the nullification of the BTC and S&P 500 correlation. Following a similar event on November 5, BTC quickly climbed to six-figure levels. However, negativity has returned to the markets since mid-December. The second reason is highlighted by analyst Moustache, who points to a trend line in the BTC.D chart.
“BTC Dominance is touching a trend line that has remained intact for nearly eight years, with each touch leading to an altcoin bull market.”
Rising Trends in Cryptocurrencies
Jelle draws attention to the historical performance metrics on a weekly basis. The first quarter typically bodes well for the cryptocurrency markets, and expectations are high for this period as well. Jelle notes that the first week of the seventh week could be the best time for the first quarter, following a sluggish start for BTC.
Ali Charts shares an upward signal on the four-hour graph, suggesting that we may see price increases this week.
Analyst Poppe reminds us of similar periods in the past. He observes that the liquidity in the markets has been affected by the popularity of meme coins and anticipates a reversal of this trend.
“The ETH season is beginning above the $SOL season. The meme coin frenzy has become a means for a small group to create wealth, and now, reality is returning with genuine coins poised to shine.”