Bitcoin Breaks Accumulation Phase
You may have heard that Bitcoin has finally broken its year-long accumulation phase and entered the first part of a new bull cycle. According to MN Trading founder Michaël van de Poppe, the crypto bear market ended in November 2022. This past year was all about building a base, and now with BTC surpassing $30,000, it looks like the first year of a new bull run is underway.
Market Cycles Last for Four Years
Van de Poppe explains that these market cycles typically last about four years in crypto. The bear phase is followed by a year of accumulation, then two years of a bull run. Bull phase one involves slower gains as Bitcoin grinds higher but doesn’t exceed its former all-time high. Phase two brings parabolic rallies and “mania.”
During bull phase one, altcoins are expected to benefit the most. Many major altcoins are projected to rise 5-10x in Bitcoin pairings as traders rotate out of the benchmark crypto. Van de Poppe encourages traders to open altcoin positions before Bitcoin’s dominance starts falling more rapidly.
Altcoins Enter Ideal Zone
Bitcoin is now in the ideal zone for altcoins—not stuck in a brutal bear trend but also not seeing vertical parabolic gains that draw all market attention. With BTC rangebound between $20,000 and $30,000, traders can reap major gains by targeting the top-performing altcoins.
The Opportunity for Altcoin Traders
Picking winners in the volatile crypto industry remains challenging, but for investors who can identify rising stars, the next year presents an opportunity to multiply returns. Now that Bitcoin has completed its accumulation, the first leg of the bull run could produce huge profits for savvy altcoin traders.
Hot Take: Altcoin Traders Can Profit from Bitcoin’s Bull Run
The recent revelation by MN Trading founder Michaël van de Poppe that Bitcoin has concluded its year-long accumulation period and entered the first phase of a fresh bull cycle presents an opportunity for savvy altcoin traders to capitalize on significant profits as they target top-performing altcoins during this initial stage of the bull run.
By
By
By