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The cryptocurrency market is once again shifting attention to altcoins. Raoul Pal, CEO of Real Vision, has suggested that the largest altcoin season in history could commence within two weeks, heightening expectations. Despite Bitcoin’s (BTC) volatile price movements causing concern among traders, Pal reassures that this is a natural process seen in previous cycles before significant rallies. He foresees a major shift in the cryptocurrency sector in the upcoming weeks and urges altcoin investors to remain vigilant.
Bitcoin Consolidation and New Opportunities for Altcoins
Bitcoin 
$104,186 has disappointed investors by failing to surpass the $100,000 mark recently. The cryptocurrency peaked at $109,000 last month but corrected back to the support level of $94,200. Experts warn that consolidation may continue at this level.
Pal connects Bitcoin’s movements directly to the Federal Reserve’s monetary policies. January’s inflation (CPI) data weakened expectations for interest rate cuts, and Fed Chair Jerome Powell indicated caution in reducing rates due to strong economic signals. However, Pal believes global liquidity will be the crucial factor, predicting significant rises in both Bitcoin and the altcoin market once liquidity increases.
The ‘Banana Zone’ and the Parabolic Rise of Altcoins
Referring to this new phase of the cryptocurrency markets as the “Banana Zone,” Pal anticipates rapid and substantial increases in altcoins. He advises investors to practice patience, noting that altcoins will rise parabolically as liquidity fully enters the markets. However, he emphasizes that this process may take several weeks to unfold.
Meanwhile, prominent cryptocurrency analyst Miles Deutscher suggests that altcoins have not yet entered a full-fledged upward cycle. He claims that the market is not currently in a Bitcoin-dominant phase, making it premature to declare the start of the altcoin season. Deutscher also mentions that should Bitcoin’s market dominance increase, he would prefer to invest in altcoins.
