NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Altcoins May Consolidate for Six Months or More Before “Altseason” Kicks Off

Cole Petersen
Cole Petersen
5 years ago
2 mins read
Altcoins Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin has been stuck in a period of consolidation for the past several days and weeks, which has proven to be a positive thing for altcoins, as many have been able to post decent gains over the past few days.

It is important to note that analysts do anticipate altcoins to potentially consolidate for many more months before the prophesized “altseason” kicks off, but there is a possibility that they will see a decent sized uptrend in the short-term.

Altcoins Pop as Bitcoin Consolidates Around $8,300

At the time of writing, Bitcoin is trading up marginally at its current price of $8,320, which marks a slight retrace from its daily highs of $8,400 that were set over night, and it appears that this price is a short-term resistance level for BTC.

Multiple altcoins have been able to surge amidst this bout of sideways trading for BTC, with XRP surging nearly 4% yesterday and quickly climbing back into the $0.30 region, which is significantly higher than its recent lows of $0.24.

Luke Martin, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that he believes that XRP is the strongest major altcoin as far as TA is concerned, which could mean further gains are imminent in the near-term.

“$XRP is the strongest major for the 3rd/4th week in a row,” he explained.

$XRP is the strongest major for the 3rd/4th week in a row. pic.twitter.com/xeM7aeoeY7

— Luke Martin (@VentureCoinist) October 15, 2019

Today, Binance Coin (BNB) has led the markets as it has been able to surge nearly 5% to its current price of $18.97, which marks a decent climb from its recent lows of under $16 that were set earlier this week.

Will Major Cryptos Trade Sideways in Near-Term?

Naturally, any major Bitcoin movement will likely provide some guidance to the aggregated crypto market, it is important to note that one analyst believes that altcoins may trade sideways for the coming six months regardless of how Bitcoin trends.

Mitoshi Kaku, a popular cryptocurrency analyst on Twitter, spoke about this in a recent tweet, saying that most major alts will either incur a “nice” uptrend in the near-future, or will be stuck in an “accumulation” range for the coming six months or so.

“A few examples of coins having similar cycles and “W&P Pivots”. $XRP $LTC $ADA $ETH $ZEC $NEO. Ichimoku on the 1W for all suggest the possibility of a nice trend, or a 6 month accumulation. #CryptoIkagi March-April 2020,” he said while pointing to the below charts.

A few examples of coins having similar cycles and "W&P Pivots". $XRP $LTC $ADA $ETH $ZEC $NEO

Ichimoku on the 1W for all suggest the possibility of a nice trend, or a 6 month accumulation. #CryptoIkagi March-April 2020. https://t.co/yZQEPRqeim pic.twitter.com/NBW49gV7zs

— Joe Mitoshi 🧑‍🚀 (@CryptoSays) October 14, 2019

The coming few weeks should provide insight into where most major altcoins will head in the near-future, and any further extension of their recent incurred upwards momentum may mean that an uptrend is imminent.

Featured image from Shutterstock.
Tweet123Share215ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Long-Term Bitcoin Holders Near Pain Point Last Seen In October 2024

According to CryptoQuant analyst Darkfost, long‑term Bitcoin holders are sitting on unrealized gains last seen during the October 2024 market...

Christian Encila 2 hours ago
Beste crypto ETF's 2025 - welke nieuwe ETF goedkeuringen komen deze zomer?

Beste crypto ETF’s 2025 – welke nieuwe ETF goedkeuringen komen deze zomer?

Nieuwe ontwikkelingen binnen de SEC lijken de lancering van meerdere crypto ETF’s makkelijker te gaan maken. Welke nieuwe ETF-goedkeuringen kunnen...

Lars Diederiksen 2 hours ago
Strategy

Michael Saylor’s Strategy Set To Yield $14 Billion Profit In Q2, Bloomberg

Strategy, formerly known as MicroStrategy, is on track to report an impressive $14 billion in unrealized gains from its extensive...

Ronaldo Marquez 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Dogecoin price news

Dogecoin Under $0.20 ‘Is Free,’ Says Analyst—Predicts 2,000% Upside

Jake Simmons 4 minutes ago
Bitcoin

Public Firms Snag 131,000 BTC, Surpassing ETFs In Bitcoin Purchases

Ronaldo Marquez 1 hour ago
한국, CBDC 공식 철회… 스테이블코인 급부상 속 베스트 월렛의 경쟁력 부각

한국, CBDC 잠정 보류… 스테이블코인 급부상 속 베스트 월렛의 경쟁력 부각

Soyeon Lee 1 hour ago

Premium Sponsors

Press Releases

  • 仮想通貨おすすめ|2025年に注目のポートフォリオ向け有望銘柄4選とは?

    ...

    15 minutes ago
  • 「壮大で美しい法案」成立も暗号資産税制救済なし、新しい仮想通貨が未来を切り開く

    ...

    41 minutes ago
  • FUNToken

    FUNToken Now Listed on Poloniex, Strengthening Global Reach...

    56 minutes ago
  • ミームコインプレセール急騰|SPX6900は11%下落も新星コインが注目集める

    ...

    1 hour ago
  • 仮想通貨おすすめ|マイケル・セイラーのビットコイン購入が示す新たなBTC高値の兆候

    ...

    1 hour ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.