Altcoin Season Is About to Return – Here’s Why

Alternative coins or altcoins have been slowly bleeding over the last two years. This is especially true for altcoins in their bitcoin (BTC) pairs. Many are down by over 90% from their all-time highs. Some mid-cap coins have even breached their historical support levels and are printing fresh lows on an almost daily basis.

The drop was so deep that some retail traders had to cut their losses after months of HODLing. For experienced traders, watching retail investors capitulate is always a good sign. It indicates that the bottom is around the corner. This is perhaps one of the reasons why some widely-followed accounts on Crypto Twitter (CT) are starting to be bullish on altcoins.

Big accounts on Crypto Twitter that have been quiet on altcoins are now starting to speak up. One in particular is Crypto Bitlord, who has over 100,000 followers. The pseudonymous account tweeted. Crypto Bitlord is not the only big account that’s feeling bullish on altcoins. Crypto Rand has over 200,000 followers. Crypto Loomdart, who has over 90,000 followers, is also bullish on altcoins. The famous The Crypto Dog is also bullish. These four traders are just the tip of the iceberg. There are many more CT accounts with huge followings that are shifting their sentiment from bearish to bullish. They may have a strong point.

Altcoin Season Is About to Return – Here’s Why, CCN, Sep 18
AddThis Website Tools
The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Pfizer Wave Analysis – 27 March 2025

Pfizer: ⬇️ Sell - Pfizer broke support level 25.20 - Likely to fall to support level…

1 hour ago

Silver Wave Analysis – 27 March 2025

Silver: ⬆️ Buy - Silver broke resistance area - Likely to rise to resistance level…

1 hour ago

EURGBP Wave Analysis – 27 March 2025

EURGBP: ⬇️ Sell - EURGBP broke support area - Likely to fall to support level…

5 hours ago

3M Wave Analysis – 27 March 2025

3M: ⬇️ Sell - 3M reversed from resistance area - Likely to fall to support…

5 hours ago

Smashed Hopes for US Stocks Recovery

The US stock market faced resistance from new auto tariffs and concerns about global response,…

8 hours ago

Gold and Silver about to break the ceiling

Gold has experienced growth, reaching historical highs due to new tariff wars. Silver has also…

10 hours ago