The Altcoin market has suffered longer volatility and intensive sales pressure for months, so that many investors are questioned when the long-awaited old Season is finally arrived. Large old coins have recorded a sharp decline since the beginning of last year, with most trade traded under their cycle heights. Despite temporary rallies, the broader mood was careful because the market participants are waiting for a stronger catalyst for continuing upward trends.
The top analyst M-Log1 has now shared a technical view that could change the expectations again. He suggests that when Bitcoin follows US shares and should break into new all-time highs in the coming days or weeks, altcoins may offer some of the best entry points in this cycle. Historical patterns show that the Bitcoin strength is often preceded by aggressive movements in old coins, especially when BTC stabilizes at higher levels.
While Bitcoin consolidates near his heights, the eyes turn towards Altcoin market, where undervalued assets can be prepared for explosive movements. Since the change of capital and risk slowly returns, many dealers are preparing for the next major shift in crypto market dynamics.
Altcoins position for the reversal after months of bleeding
The market has exposed itself to a relentless downward trend since last December. Many old coins have lost over 70% of their value, and shakes the trust of the investors and the capital dominates the feeling. Ethereum has also tried to find solid pedestrians, not to regain the key and pull the wider Altcoin room with it. Despite the brief strength of the strength, the market has not shown a clear way to continuing recovery.
However, some analysts see this painful route as the last phase before the next bullish expansion. M-Log1 shared an optimistic perspective that could change the narrative. According to his analysis, Bitcoin continues to reflect the starch observed on the stock exchange and will break into new all -time highs in the coming days or weeks, old coins could soon offer the best entry options for the cycle. He emphasized: “I don’t know if we will see the run that we will soon be waiting for, but I’m absolutely not against it because everything looks around.”
M-LOG1 is of the opinion that the current phase of liquidity re-reconciliation and volatility is a necessary structure before a big step. As soon as these sweeps have been completed, strong rotation in old coins could begin. For experienced investors who observe historical cycles, such moments of extreme weakness are often preceded by explosive rallies. With macroes, technical structure and mood that align old coins, altcoins may approach an important turning point. Dealers are now positioning themselves for a potential shift – one that could redefine this phase of the bull cycle.
Ethereum’s performance vs. Bitcoin
The ETH/BTC Weekly diagram shows the Ethereum trade at 0.02256 BTC and continues a longer downward trend that started in early 2023. ETH has significantly understood against Bitcoin and highlighted a wider theme of the weak Altcoin dominance during this cycle. The diagram shows that Ethereum is far below the 50-week, 100-week and 200-week movable average values that all falls down and strengthen the long-term bear structure.
While there has been a slight back rash in the past few weeks, the price remains trapped in a narrow consolidation area after a severe decline. The volume is also decreased, which indicates indecisiveness because dealers are waiting for a clearer trend. If ETH no longer recaptured higher properties compared to BTC, this could delay the wider Altcoin rotation investors.
However, this deep underperformance can offer an asymmetrical upward trend if the feeling is shifting. Historically, ETH/BTC reversations have preceded strong Altcoin ranges. If Ethereum can close more than 0.025 BTC and turn the 50-week sliding average over to support, this would signal a possible reverse and a wider strength on the Altcoin market.
Selected picture of Dall-E, Diagram from Tradingview
Editorial process Because Bitcoinist focuses on delivering thoroughly researched, accurate and impartial content. We comply with strict procurement standards and each page is diligently checked by our team of top technology experts and experienced editors. This process ensures the integrity, relevance and the value of our content for our readers.