Bloomberg Exchange-Traded Fund (ETF) analyst James Seyffart shared his perspective on the long-awaited altcoin season and how it may differ from previous cycles following the boom of Digital Asset Treasuries and institutional adoption. Altseason Already Here? In a recent interview with Jay Hamilton from Milk Road, James Seyffart, senior analyst and ETF expert at Bloomberg,…
Tag: total3
Crypto Analyst: Altcoin Charts Flash Rare 2021-Style Breakout Setup
Crypto analyst Kevin (Kev Capital TA) argues that altcoins are replaying the same structural script that preceded the 2021 “altseason,” this time on the ratio of the altcoin market cap excluding Ethereum and stablecoins versus Bitcoin (often proxied as “Total3/BTC”). In a video posted late on September 2, he contends that confluence across weekly and…
Is The Crypto Market Top Near? Here’s Why There’s ‘Some Runway Left’
After the recent crypto market corrections, some investor’s and market watchers’ bullish sentiment appears to have decreased, with many claiming the top is in. However, other analysts point out that several indicators don’t signal a cycle peak yet, suggesting that the bull still has some gas in its tank. Crypto Market Capitalization Retests Key Level…
Altcoins ‘Starting To Run’ After Reclaiming This Key Level, Altseason Around The Corner?
As Bitcoin continues to move above the $90,000 mark, Altcoins began to reach new highs. The sector has recently reclaimed a key two-year level that could set the stage for a retest of 2021’s highs. Some analysts consider that Altcoins’ recent performance could kickstart the long-awaited Altseason. Altcoins Market Cap Reclaims 2022 Levels The total…