According to a veteran cryptocurrency analyst, there is a massive untapped momentum in the crypto market that suggests an imminent bull run. In his latest post on X, the analyst noted that none of the 30 bull market peak indicators have been triggered, which is a bullish signal for the altcoin market.
According to a veteran cryptocurrency analyst, there is a massive untapped momentum in the crypto market that suggests an imminent bull run. In his latest post on X, the analyst noted that none of the 30 bull market peak indicators have been triggered, which is a bullish signal for the altcoin market.
The analyst shared a list containing several market indicators, including metrics like the Bitcoin Index, Pi Cycle Top Indicator, Puell Multiple, Bitcoin Rainbow Chart, and Days of ETF Net Flows, among others. None of the shared metrics has reached a crucial level that suggests exhaustion.
In the meantime, the analyst summarized his observation by stating that there are no signs of retail euphoria in the cryptocurrency market, nor any display of altcoin blow-off tops. The analyst also observed that the crypto industry has not experienced the kind of widespread circulation of mainstream FOMO headlines typical of altcoin bull runs.
Meanwhile, Bitcoin and Ethereum flows have remained steady with no signs of exhaustion, supporting the analyst’s claims about a momentum build-up ahead of an imminent crypto market bull run. Following his observations, the renowned analyst predicted that the current cryptocurrency market cycle has a long way to go.
The analyst’s presentation aligns with the opinions of most crypto users about the current crypto market cycle, which has displayed significant variation from past seasons. In the past, massive altcoin rallies closely followed events such as the Bitcoin halving and an initial Bitcoin rally. That did not happen this time, leading many analysts to believe that the influx of institutional investors via ETF products could be affecting the crypto market dynamics.
Despite the assumed switch in crypto market trends, user expectations remain high, particularly for altcoins, with most of them yet to retest their previous all-time highs. Unfolding macroeconomic events are also contributing to the momentum build-up, leaving most crypto investors with a positive mindset toward an upcoming altcoin season.
