Altcoins pumping like crazy - is the BTC Bullcycle ending?

[pooya87]

Historically altcoins only get pumped in 2 scenarios:
1. When bitcoin price is stable
2. When a pumping team picks up that shitcoin to pump at random (regardless of what bitcoin is doing)

Case 1 can happen to a larger number of altcoins while case 2 only happens to a handful of altcoins and those coins are usually the smaller altcoins that are easier to pump and can pump a lot more than the bigger altcoins.

The altcoins also dump in 3 scenarios:
1. When bitcoin price is rising
2. When bitcoin price is falling
3. When the pumping team (in case 2 above) starts dumping the coin they pumped (regardless of what bitcoin is doing)

Right now bitcoin price is stable which means the day traders are moving to the shitcoin market to increase the amount of money they have so that they can come back to bitcoin market when it started to move. It is not an indication of bitcoin's trend (whether bull or bear) just indicates that price is stable.

Considering the large accumulation that has been going on with high daily volumes and the fact that the bull market was recently started gaining momentum and also the fact that we are at the middle of the historical cycles the only trend that we can have right now is bullish.

[1714658921]

1714658921

[MCobian]

If based on my analysis Bitcoin and altcoins will not end bull cycle any time soon. I think the bullish trend will last for the next 2-3 months,
after that there is probably a deep correction. But I am still not too sure about the analysis that I have done, maybe to make it more convincing
I will wait until this April ends. If it turns out that at the end of April the price of Bitcoin and altcoins will continue to rise,  I am positive that
the bullrun will continue for at least the next 3 months. So now it's better to just HODL Bitcoin and altcoins that we have.

[electronicash]

well, there's still panic in the stock market and USD printing by trillions, there are plenty more reasons why the traders from this market will come running to crypto market. besides, there is no indication yet that BTC will drop below its range for several weeks already. if it ain't happening yet then it could go swinging to a new ATH.

technical analysis shows differently because you can see already that it had bubbled too much. it's sure to drop one day, when it will happen is going to be a guessing game.

[Wind_FURY]

Hi guys,

do you have any thoughts about the topic?

I found it an Indicator in the last two Bullruns, that when Altcoins pump really heavy like right now,

They’re pumping, but what coin do they do this for, and truly want to HODL after the pump?

it can mean the Bullcylce might end soon.

It can also mean Bitcoin is consolidating. Ending the current bull market cycle of Bitcoin would end the bull cycle of the whole altcoin market.

What do you guys think, do you have Indicators for the end of BTC Bullcycle

Zoom out. Bitcoin is in a never-ending-super-bull-cycle.

[hatshepsut93]

Bull market ends after a big upward movement, like 10-30% in one day or even faster. This happened in the previous cycles, which doesn't guarantee that it will happen again, but it's a very likely scenario.

Altcoins are never a good indicator for Bitcoin, they are dependent on it, not the vice versa. Even thing like Bitcoin dominance doesn't matter much. At lowest point it was at ~35%, but Bitcoin was always the leader of this market.

[Wind_FURY]

I actually think because of altcoin index and my experience with old bull runs I believe altcoin bull run will start corrections and another bitcoin bull run will start next month or 2. I still hold onto my altcoins which I preferred to buy. I even increased my bitcoin stash a day ago. I don't mind it.

Be honest, do you plan to HODL those altcoins forever, or are you merely trading them for profit denominated in Bitcoin? It’s very hard to believe the majority of people in the coin community will be HODLing altcoins during market retracements. I believe a strategy of holding some stablecoins, and taking some short selling positions to reduce value-loss for your Bitcoin would be wiser.

[Jating]

I actually think because of altcoin index and my experience with old bull runs I believe altcoin bull run will start corrections and another bitcoin bull run will start next month or 2. I still hold onto my altcoins which I preferred to buy. I even increased my bitcoin stash a day ago. I don't mind it.

I guess to each his own, I agree that some altcoins are having a good pump and bitcoin's dominance has been affected. But if you are really that experience, you know that this kind of altcoin pumps are not going to stay even for a month or two specially that bitcoin is in the middle of a bull cycle.

So we are still in the middle of things, not yet the bubble that we are expecting, we are still far from 6 digits because that is a good indication that we might be seeing the top, $100k-$200k might be the all high for this bull run, and we barely half of it.

[Gozie51]

At lowest point it was at ~35%, but Bitcoin was always the leader of this market.

Since this is the case that bitcoin will always be the leader of the market, it means whatever affects bitcoin also does same to altcoins. The slope in btc now is reflecting on some altcoins especially those that are community base coins like bitcoin. Doge coin and bgl are showing bear especially bgl that rose very high to $0.30 but has dropped to $0.038. While some are still doing well especially coins following direct movement of etheruem and exchange coin like bnb but generally, the volatility has reduced this week.

[Reatim]

Hi guys,

do you have any thoughts about the topic?

I found it an Indicator in the last two Bullruns, that when Altcoins pump really heavy like right now, it can mean the Bullcylce might end soon.
What do you guys think, do you have Indicators for the end of BTC Bullcycle

Thank you guys.

Kind regards.
Hector

it Looks like everything is falling now mate .



The market is showing Red trending since Morning and the vast of the currencies are not going any good this past 24 hrs.

I actually think because of altcoin index and my experience with old bull runs I believe altcoin bull run will start corrections and another bitcoin bull run will start next month or 2. I still hold onto my altcoins which I preferred to buy. I even increased my bitcoin stash a day ago. I don't mind it.

Altcoin shows a little confident last night but break the trending in the afternoon .

The more the dominance of bitcoin fall is the dropping from the altcoin happens also .

From 1.94 Trillion capitalization Last night , Now we are seeing a 1.89 trillion means 0.05 trillion fall in the last 24 hrs.

[wheelz1200]

Hi guys,

do you have any thoughts about the topic?

I found it an Indicator in the last two Bullruns, that when Altcoins pump really heavy like right now, it can mean the Bullcylce might end soon.
What do you guys think, do you have Indicators for the end of BTC Bullcycle

Thank you guys.

Kind regards.
Hector

I dont think that altcoin trading is an indicator one way or another in terms of how bitcoin will run in the short future.  They might have coincided with each other in the past but I dont think it can always be used as an indicator moving forward.

[Yogee]

.....
The thing is, most alts have already 20x and many even 50x - 100x in the last 6-8 months, BTC has has also had some insane growth.

Those growth is to be expected from last year since the market is coming out of the bear market. You will even see 1000x or more if you trace it back in 2018.

I got suspicions as most of the youtube "experts" are calling end of the bull cycle by the end of the year.

They are saying that because of what happened in the last bull cycle but will it be the same if you consider the fact that the market drivers has changed?

I think the market will end when nobody will expect it - especially as many people didnt get out the last bullrun in profits.

You can start with your exit strategy now if you want.

Also the NUPL on Glassnode is always so close to euphoria which usually signals the end of the bull run.

But who is driving such Euphoria?

[ADCrypto101]

Hi guys,

do you have any thoughts about the topic?

I found it an Indicator in the last two Bullruns, that when Altcoins pump really heavy like right now,

They’re pumping, but what coin do they do this for, and truly want to HODL after the pump?

it can mean the Bullcylce might end soon.

It can also mean Bitcoin is consolidating. Ending the current bull market cycle of Bitcoin would end the bull cycle of the whole altcoin market.

What do you guys think, do you have Indicators for the end of BTC Bullcycle

Zoom out. Bitcoin is in a never-ending-super-bull-cycle.

UHHH i love the perspective of that last awnser....you are completely right!

[milewilda]

Hi guys,

do you have any thoughts about the topic?

I found it an Indicator in the last two Bullruns, that when Altcoins pump really heavy like right now, it can mean the Bullcylce might end soon.
What do you guys think, do you have Indicators for the end of BTC Bullcycle

Thank you guys.

Kind regards.
Hector

Looking back in the past isnt really bad but making out some presumptions or assumptions that it will surely happen nor simply you do try to correlate both of those scenarios
then this wont really be giving any assurance for it to happen again because no technical indicators could give out exact things that might happen in the future.
All we can do is presume and hope that market would really be going on what we do anticipate. Bull run of altcoins isnt always the meaning that bitcoin
has ended up its bull cycle.They dont really correlate from time to time.

[Fredomago]

At lowest point it was at ~35%, but Bitcoin was always the leader of this market.

Since this is the case that bitcoin will always be the leader of the market, it means whatever affects bitcoin also does same to altcoins. The slope in btc now is reflecting on some altcoins especially those that are community base coins like bitcoin. Doge coin and bgl are showing bear especially bgl that rose very high to $0.30 but has dropped to $0.038. While some are still doing well especially coins following direct movement of etheruem and exchange coin like bnb but generally, the volatility has reduced this week.

The pressure is being felt by most crypto, as Bitcoin is on the process of correction those that relied to Bitcoin are doing the same.
We can tell that after this and when Bitcoin bounce back the chance that those who pumped up during Bitcoin pump will also experienced
the same thing as they are working along Bitcoin, in the side track, coins that following ERC and BSC are doing things independently
from Bitcoin, they've got the attentions and they are showing good benefits to those investors who support and follow their project.

[Untomabur]

Pumping? I think altcoins haven't been pumped like crazy, because in the BTC altcoin pair only PUMP at 100% or to the previous resistance,
if it has reached new ath in the BTC pair then I can say it's altcoin season and be careful with Bitcoin, because it's altcoin season starting,
the Bitcoin price will continue to fall.

[magneto]

Timing-wise, I think that we've still got ways to go before the bull market is remotely close to ending.

Alts pumping hard simply illustrates the amount of FOMO that still exists in the cryptosphere in general, and I don't think that it is fair to attribute the end of the bull market to that particular indicator. The hype is honestly warranted to a certain extent with the amount of institutional interest in ETH.

I'd say that until we see a major resistance that is unable to be breached (I expect perhaps $100k), the bullish uptrend will continue to go strong.

[thecodebear]

Nope. Still early stages for the bull cycle. Expect it to be much larger and longer than you think. Bitcoin is building a base at $50,000s...think about that!

[Wind_FURY]

Hi guys,

do you have any thoughts about the topic?

I found it an Indicator in the last two Bullruns, that when Altcoins pump really heavy like right now,

They’re pumping, but what coin do they do this for, and truly want to HODL after the pump?

it can mean the Bullcylce might end soon.

It can also mean Bitcoin is consolidating. Ending the current bull market cycle of Bitcoin would end the bull cycle of the whole altcoin market.

What do you guys think, do you have Indicators for the end of BTC Bullcycle

Zoom out. Bitcoin is in a never-ending-super-bull-cycle.

UHHH i love the perspective of that last awnser....you are completely right!

I don’t want to be believed as “completely right”. You should verify the truth yourself if it is indeed the truth. I’m merely a pleb-newbie in the community who is also on a long journey of learning. “The hard way”. I thank the good people in the forum, and trolls for their help. They force me to ask questions, and research.

[Ludmilla_rose1995]

From history, I've seen that alt pumps after bitcoin bull run. But I haven't seen the BTC bull run coming to an end. I don't think this is the pinnacle of ATH Bitcoin yet. I still predict that the highest BTC value peaks at the end of the year. between October, November, and December. and will be followed by several altcoins such as ETH, BNB, etc.

this is only according to my point of view.

[adaseb]

Altcoins pumped many times in the past and the bull cycle didn't end. However my prediction is that when LTCBTC pumps like crazy, then it means that whatever the top for BTCUSD was, was most likely the local top.

Right now LTCBTC is like 0.004BTC, if it goes to some crazy number like 0.02BTCLTC it would make LTCUSD valued at something >$1000. That would mean its probably due for a correction. Same way how last time it went from like $50 to like almost $500 right before the bear market started.

This is something we all should look for. And it can happen at anytime. LTCBTC started to pump a few days ago.