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February Could Kickstart Altseason if History Rhymes: Analysts[酷]
Crypto markets are down again today, with total capitalization having lost around 3% over the past 24 hours in a fall to $3.24 trillion.
As usual, the brunt of the losses is from altcoins, which have continued to bleed for most of this month. Nevertheless, February has usually been a pivotal period for altcoins and markets in general if past cycles are anything to go by.
“Markets look bleak, and everyone is calling for the death of altcoins, but could we be in store for a bounce soon?” asked analyst Miles Deutscher on Feb. 19.
He observed that February has historically marked a local bottom in the “OTHERS/BTC ratio” at this stage in the four-year cycle.