Altcoins
High-quality altcoin setup looks increasingly favorable as global liquidity prepares for expansion: Jamie Coutts
Real Vision analyst Jamie Coutts believes high-quality altcoins could be primed for a price surge as global liquidity increases.
Coutts tells With his 18,600 followers on social media platform
“Equal weight to market capitalization ratios among the top 200 at extremely bearish levels.
It is currently -2.8 standard deviations, a bearish extreme that has only occurred on three previous occasions.
• 2021: During a bull market that proved to be an excellent upswing in the cycle.
• 2022: Prematurely, but near cyclical lows when the market was down 70%.
• 2023: Near SEC-catalyzed capitulation lows, Alts broke sharply higher four months later.
Despite the small sample size, this breadth measure suggests cyclical lows and mid-cycle entries are imminent. Current data parallels the mid-cycle crash of 2021, not the end of 2022/23.”
Source: Jamie Coutts/X
Earlier this month, Coutts predicted that alts would rise by the end of the year. He noted that the seasonal altcoin index, which measures the profitability of digital assets relative to Bitcoin (Bitcoin), may start showing bullish signals for alts within a few months.
“I still believe there will be a turning point in the second half of the year, sooner rather than later, as liquidity on the margins is starting to improve (recent central bank cuts).
Altseason signal: While the short-term alt price trend remains bearish, a bullish moving average crossover on the upper chart and a reversal on the altseason index subchart would be a pretty clear signal that things have changed.”
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