Altcoins
Altcoin surge on the horizon: analyst predicts a bullish cross
Renowned crypto analyst Mags has revealed new altcoin concepts that can change the situation significantly. In a recent post on X, the analyst mentioned that the digital currency space will likely transition soon, and this transition could be the next big altcoin season.
Here, Mags focuses on the ETH/BTC pair as it is the main ratio that traders and investors pay close attention to. The ETH/BTC ratio can be considered the simplest model used historically as an indicator of alcoin trends.
Altcoin boom signal
The analyst highlighted a technical signal that, in previous cycles, paved the way for the altcoin boom, as well as the monthly crossover of the MACD on the ETH/BTC pair. Referring to history, Mags said that in the previous market cycle, the bullish MACD cross on the ETH/BTC monthly chart was followed by an excellent alternative season.
This change kicked off the trends of several altcoins and helped investors who predicted such events to earn good money. The analyst’s in-depth analysis indicates the possibility of such a crossover being achieved and this indicates the market’s willingness to achieve the target.
The MACD is a known and accepted technical tool that helps identify changes in the strength, short-term trend direction, momentum and dwell time of the stock price. The MACD bull cross is established when the MACD line crosses above the signal line, then at bullish trend can be expected. The same type of crossover in the past has helped estimate the level of ETH/BTC and determine that investor confidence in Ethereum compared to Bitcoin increases, investments in altcoins and interest in them.
According to Mags, the ETH/BTC pair should give another bullish MACD cross. If it comes in this form, this development can trigger a good altcoin run in the market reminiscent of the last cycle. This expectation of such a crossover has already sparked interest among traders and investors, so many are waiting and wondering whether this time will be similar to the last one and whether it will be different.
While the exact timing and effects of the MACD have yet to manifest themselves, the crypto community eagerly awaits the new alternative season it may bring. As always, several factors are likely at work and this makes the unpredictable market and therefore requires priority attention and planning.