Logo van Blockchair

Altcoin Season Index Signals Potential Resumption of BTC Price Rally Coingape 11 dec. 2024

Altcoin Season Index Signals Potential Resumption of BTC Price Rally 📈

The altcoin season index recently surged above 60, which suggests a strong potential for Bitcoin (BTC) price to increase in the coming months. This was reported by asset manager VanEck.

At present, BTC price encounters resistance around the $100K mark, with analysts debating whether this indicates a market peak. However, VanEck offers a different perspective, positing that the Bitcoin bull run continues.

Investors are encouraged by these insights, hoping to see a significant BTC price rally based on the predictions made by VanEck and the signals from the altcoin season index rise.

Bron: coingape.com ↗