Many crypto analysts and investors are still eagerly anticipating the arrival of a full-blown altcoin season in this market cycle. While some surges have been observed in individual altcoins like Solana and XRP, the broader alt market has yet to see the kind of explosive rally that characterizes an official altcoin season.
This delay is largely attributed to Bitcoin’s continued dominance, which has remained strong despite periodic pullbacks. However, one analyst has now begun the countdown, predicting that the long-awaited altseason is just days away.
Crypto Analyst Predicts Altcoin Season Will Begin In Just Three Days
Bitcoin dominance is still near cycle highs and the market has yet to confirm a definitive shift, but technical analysis suggest that altcoins may soon gain momentum. According to the Bitcoin Dominance Chart from Coinmarketcap, Bitcoin’s dominance is currently at 60.2%, having recently reached a multi-year high of 61% on February 8.
However, according to a crypto analyst known pseudonymously as Pepa (@moonshilla) on social media X, the next official altcoin season is about to kick off within the next three days. Taking to the social media platform to start the countdown, the analyst noted that alts have three days and seven hours before lift-off.
The post was accompanied by a chart of the total altcoin market cap against Bitcoin (OTHERS/BTC), showing that the price action recently touched the lower trendline of a multiyear ascending channel. This trendline has historically been a key inflection point, with a bounce from here preceding the last two altseasons in previous cycles. If the pattern holds, a strong reversal to the upside could be in play for the altcoin market cap.
Historical Patterns Suggest February 14 Could Be The Start
Backing up the prediction, Pepa pointed to historical trends in previous market cycles. In an earlier post, the analyst laid out a timeline of past altcoin seasons, noting that major alt surges have occurred in the year after Bitcoin’s halving event.
According to this data, the first altcoin season began on February 14, 2017, following the 2016 Bitcoin halving. The second alteason kicked off on January 1, 2021, after the 2020 halving. Now, the next projected start date for altcoin season is February 14, 2025, and we could see a potential repeat of the 2017 cycle. Interestingly, this observation is based on a 44-day chart, with the next 44-day candle set to open in just five days.
Despite the analyst’s countdown, alteason cannot truly materialize until Bitcoin dominance begins to weaken. Currently, Bitcoin dominance sits near multi-year highs, meaning that BTC continues to attract most of the capital inflows as it looks to break above $100,000 again.
Additionally, Ethereum’s performance relative to Bitcoin has historically been a precursor to broader altcoin rallies. If ETH/BTC shows strength, it could confirm that the market is shifting in favor of alts. At the time of writing, Ethereum is testing a key support on the ETH/BTC price chart. A bounce from here could be the first step in a new altseason.
Featured image from Adobe Stock, chart from Tradingview.com
