Bitcoin has rallied to a new all-time high of over $103,000, and some crypto investors may be asking if the altcoin season is close.
According to historical data, the answer is yes, and the market may be at the very beginning of the alt season.
Crypto analyst Moustache compares data from the last two bull markets to show that the market may be preparing for an alt season if things play out the same way.
A great potential
Moustache placed three charts from 2016, 2020, and 2024 side by side to show how the alt season trends have been in the past two years.
Interestingly, historical patterns usually repeat themselves in crypto, and so we can use them to predict what may likely happen.
Based on the patterns in the first two bull markets, 2024 is just at the initial point of alt season commencement, and there is a lot of room left for growth.
This suggests that the main alt season may come in 2025 and not this year, since the year is already rounding up and Bitcoin’s dominance still remains high.
Again based on historical patterns, Bitcoin has to finish its bull run and money flow into altcoins for the alt season to kick in. This is usually indicated by the Bitcoin dominance dropping significantly, which is not yet the case.
How to prepare
Since the alt season is just at its initial starting point, the next question is how to prepare for it. Most investors who profit from bull markets usually position themselves before the bull run commences.
If you wish to benefit from alt season when it fully comes, it is best to get in the best altcoins beforehand, and it is important to do a thorough research before deciding which assets to buy.
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