While Bitcoin and altcoins have been having active days recently, investors are expecting a big altcoin rally.
At this point, the analyst named Stockmoney Lizard claimed that BTC and altcoins were ready for a rally by comparing them with previous halving cycles.
At this point, the analyst divided the cycle into the bear market phase, accumulation phase and rise phase, and accepted the halving event as the beginning of the bull phase.
According to the analyst's analysis, Bitcoin and altcoins will enter the bull phase with the halving and experience tremendous increases.
The analyst said “think simple” on the chart he shared and stated that it is actually easy to determine when the rise in BTC and altcoins will begin.
Keep it simple.#Altcoins pic.twitter.com/2I4dda41yU
— Stockmoney Lizards (@StockmoneyL) February 13, 2024
While Bitcoin surpassed $51,000, the largest altcoin Ethereum (ETH) surpassed $2,700.
*This is not investment advice.
