Crypto Market Outlook: Altcoin Accumulation Phase Extended Amidst Bear Market

The post Crypto Market Outlook: Altcoin Accumulation Phase Extended Amidst Bear Market appeared first on Coinpedia Fintech News

The cryptocurrency market presents its best buying opportunities during the bear season. However, identifying opportunities and entering the market consistently is a huge task for many. Moreover, there are more than 25k digital assets tracked by Coingecko and traded in different exchanges.

Nonetheless, all the altcoins generally follow the same market outlook as Bitcoin, which has already established a four-year cycle triggered by the halving event. Ideally, the mainstream adoption of digital assets and blockchain technology is expected to significantly increase the imbalance between supply and demand for digital assets.

Crypto Analyst Zero Ika on Altcoin Market Tips and Plan

~ 𝐀𝐥𝐭𝐜𝐨𝐢𝐧 𝐦𝐚𝐫𝐤𝐞𝐭 𝐭𝐢𝐩𝐬 & 𝐩𝐥𝐚𝐧 ~

Ok, now back to the serious things.

Statistically and factually, the average altcoin accumulation period before the start of the next bull run lasts 700 days, less or more.

If we project the next altcoin bull run in 2024… pic.twitter.com/LipvNERGc3

— ZERO IKA (@IamZeroIka) August 21, 2023

According to a popular crypto analyst Zero Ika, the altcoin accumulation phase is expected to continue until April 2024, during the Bitcoin halving. With about 250 days remaining in the crypto accumulation zone, the analyst highlighted that the next altcoin gems are to be identified now. 

“Search for strong coins and “unpumped” fresh charts,” Zero Ika noted.

Meanwhile, the analyst expects TOTAL2, which represents the total market capitalization of digital assets except Bitcoin, to continue bleeding until the end of the year. As a result, Zero Ika highlighted that there is no reason to jump all into the crypto market since the bull rally will not begin any time soon.

“My best from-heart tip, therefore, is to always hold a portion of the cash. Don’t feel the need to be always IN the market, learn how to sit on money. The “urge” condition will exclusively cause your mistakes,” the analyst argued.