Bitcoin (BTC) reached its all-time high of $69,000 to quickly retrace below $60,000 on the same day. Cryptocurrency traders eagerly expect an altseason to commence at any moment, boosting altcoins to previous highs.
On that note, Credible Crypto posted on X explaining how the cryptocurrency market usually behaves during bull cycles. Previously, the trader shared a winning experience trading Dogecoin (DOGE), in which he made from $10,000 to $100,000 in 48 hours.
Interestingly, Credible Crypto sees two possible scenarios regarding the start of a massive altseason. Nevertheless, both outlooks suggest that this cycle’s altcoin market could start at any moment, and investors should prepare their positions.
BTC/USD hourly price chart. Source: TradingView (Finbold)
In this context, Finbold has built a selection of altcoins that could multiply their capitalization by 10 during an altseason.
However, cryptocurrencies are volatile and unpredictable, and things can change at any time. Thus, investors must remain cautious and study altcoin projects while building investment positions.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
