Crypto Trader Predicts Altcoins Poised for Hype Surge in Q1 – Insights on What’s Driving the Buzz
An influential cryptocurrency analyst notes the potential onset of an “excitement phase” for alternative cryptocurrencies as the year progresses.
The anonymous expert Rekt Capital, who has an audience of 392,000 on social network X, has posted a diagram indicating the pattern of altcoin enthusiasm peaking approximately every quarter.
Rekt Capital claims that the buzz around altcoins is expected to escalate around mid-February, culminating at the start of April.
“It seems altcoins are gearing up for an anticipated Quarter 1 Excitement Phase.”
“The excitement lull aligns with the low price points.”
“A Q1 buzz for altcoins often occurs between January and April.”
Focusing on particular altcoins such as Ethereum (ETH) and Avalanche (AVAX), he mentions that AVAX seems to be establishing a support zone around the $35 mark.
“AVAX”
“Despite the temporary price dips, Avalanche is consistently confirming its overarching Downtrend as the new support barrier.”
On the flip side, Bitcoin’s path, as analyzed by Rekt Capital, indicates that it might be encountering significant resistance long-term. His analysis shows Bitcoin approaching a decisive long-term diagonal resistance line that might need several attempts to breach, based on historical data.
“Bitcoin has swiftly returned to challenging the Macro Diagonal barrier.”
At the moment of this report, Bitcoin’s trading price stands at $43,100.
Stay Updated – Sign up to receive email notifications sent straight to your inbox.
Examine Price Movements
Connect with us on Twitter, Facebook and Telegram
Explore The Daily Hodl Mix
Discover Latest News Headlines
Disclaimer: The views expressed on The Daily Hodl do not constitute financial advice. Investors are recommended to conduct their own research prior to engaging in any high-risk investments in Bitcoin, cryptocurrencies, or digital assets. It is important to understand that you are solely responsible for your investment decisions and any losses you may incur. The Daily Hodl is neither an investment advisor nor does it advocate the purchase or sale of any cryptocurrencies or digital assets. The Daily Hodl engages in affiliate marketing programs.
Featured Image: Shutterstock/3000ad/Alexxxey
Source link
#Altcoins #Gearing #Hype #Cycle #Crypto #Trader #Heres #Means
