The crypto market has been suffering a long bear market after December 2017 when bitcoin hit the ATH upon the CME and CBOE launch. The bearish market started after the launch of the futures which suppressed the price constantly in 2018 but seems that this price bearish action intensity slowed down in the Q1 of 2019.
Despite the bear market, the cryptocurrency has been suffering after hitting the $20 mark, crypto adoption has been growing steadily. Seems that bitcoin grabbed everybody’s attention because we see a massive interest from the Technology and the Financial sector in cryptocurrencies. Looking a the recent sentiment in the crypto community in Twitter and Reddit t seems that the bear market came to the end and the Alt Season is here.
Is This A New Altcoin Season?
On Crypto Twitter, many analysts are talking about a possible alt season start and the end of the bear market.
Impressive altcoin movements over the past few days/weeks but once $BTC Dominance breaks under 50, its full blown Alt Season. pic.twitter.com/7iPi8rMf1u
— Galaxy (@galaxyBTC) March 9, 2019
Very bullish on #alts today, many breaking out of months long falling wedge patterns.
But what I’m watching carefully is what $btc does when it confronts the year+ long resistance trend line.
If we break out, the real alt season begins. If not, the alt party ends. pic.twitter.com/dSSJKj3CQq
— Satoshi, MBA (@SatoshiFlipper) March 12, 2019
Bitcoin displaying a very solid upward consolidation channel. Supper bullish pattern.
With global exchange volumes holding well above $30 billion per day, I’m feeling really great about this rally.
Happy #altseason! Have an awesome weekend! pic.twitter.com/2gN4yCeBSH
— Mati Greenspan (@MatiGreenspan) March 8, 2019
Do you think the Alt Season is here? Feel free to post your thoughts in the comments below.