Will Bitcoin enter the bear phase? Analysts talk about the rising chance of Altcoin Season

Though Bitcoin Set a high brand of $ 109,143 (and at $ 172,043), didn’t even move in the amount of $ 100,000 from 7. February. Currently, the largest crypto store for only about 96K (AI $ 151K)), according to COINMARKETCAP data.

Bitfinex analysts believe the bears can be tied a little longer. In a recent reportThey pointed to the fact that BTC trading is now “extending in their 81. day in a row consolidation”, and there are several factors that affect the feeling:

With volatility in historical orders, the market remains direction as geopolitical tensions and macroeconomic uncertainty more difficult.

Bitfinek

Under walking bitcoin still “intact”, analysts say

Although several technical indicators – such as inter-exchanges flow (IFP) – turn bear, analysts believe that AG coin is still “structurally intact”.

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It also seems that inflation will be a problem for a while, and economic data that does not suggest any American rating on the horizon for now.

There is also a constant institutional adoption, and several US countries are investigating Reserves Bitcoin Abu Dhabi’s sovereign wealth fund buys $ 436 million (and in 687.4 million) stake in Black’s Ibit Bitcoin Exchange Fund (ETF).

The smell of the Altcoin season is in the air

Meanwhile, the dominance of bitcoin is growing and soon could “resist 71%”, as an analyst of the rectapital wrote on x.

The analyst said that the BTC approaches that brand, the chance of a stronger altazine increase.

The higher dominance of Bitcoin = the greater the chance of the strong altational appear.

Rektcapital

The conclusion of the Rector is that “closer and closer domination of Bitcoin reaches 71%”, there is an increased chance to finally see a solid Altcoin season.

Stronger and stronger possibility of extensive collapse in the dominance of Bitcoin becomes finally enable strong altazone.

Rektcapital

PAL: Still “the biggest macro trade of all time”

Raoul Pal, co-founder and executive director of the real vision, said He was “sad to see so many bears and nervous in cryptou” and called investors to “diminish”.

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He said when “BTC looks like this” (referring to the chart below), it is hard to understand why it is so skeptical.

In his signature, “Don’t intersect that,” Pal called on her 1.1 million followers to stay calm and continue on – and stay out of the lever.