AltcoinsPrice Analysis

Is This The Biggest Altseason Ever? Last Chance to Buy the Dip Before Takeoff!

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Highlights

    Bitcoin price breaks at a major resistance level and is expected to reach $50k soon. Other altcoins breaking out through the BTC pair giving rise to the biggest altseason ever.

    Bitcoin price breaks at a major resistance level and is expected to reach $50k soon. Other altcoins breaking out through the BTC pair giving rise to the biggest altseason ever.

Bitcoin price ended quarter 3 with some strong consolidation at $43k. Quarter 4 is expected to have some series moments for the whole crypto market. However, the most valued asset resumed its journey with a bullish candle on the very 1st day of the quarter. Also, altcoins breaking out through BTC pair. Hence, not only the flagship asset is bullish but other altcoins too are doing great with massive gains on day one. 

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On 1st October 2021, the BTC price broke at $43,900 surging to $47,604. The BTC price is expected to surge above $50k with continue in the uptrend. On the flip side, the asset has a major support level at $43,100. Ethereum seems to be retesting its support level near $3,100. Successful breakout would result in ETH price reaching the next resistance level at $3,600.  ETH/BTC pair is trading at 0.0695 satoshis if Bitcoin shows strong consolidation then Ethereum and other altcoins would boom resuming Altseason.

Experience the Biggest Altseason Ever!

With significant price altcoins indicating the first moments of the biggest altseason ever on the very first day. As per popular crypto guide Galaxy, Altcoins and NFTs would gain massive profits in October. And BTC price is going to hit $100 in November.

According to Coinmarketcap Altcoin market with Bitcoin dominance is trending. If the number one asset’s dominance falls well below 40% in the coming days, Altcoins may show some strength soon. In January the altseason resulted in a massive surge of market cap from $290 million to $1.3 trillion. The total market cap of other altcoins excluding bitcoin stands at $1.17 trillion at the press time. It is expected to reach $2 trillion in quarter 4. 

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The above data shows how the crypto space welcoming the 4th quarter with unexpected gains. Many analysts and influencers say October, November, and December will be meteoric. Overall, the big altseason is upon us to pick up the right project wisely to have more profits up to 100X.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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