- Crypto Banter YouTube channel host thinks the altcoin season has just begun.
- According to the analyst, various indicators show that the altcoin market has entered a bull cycle.
- The altcoins rally will reportedly continue for at least the next eight weeks.
Crypto analyst and host of a YouTube trading show, Kyle du Plessis, known as Kyle Doops, thinks the altcoin season has just begun. According to the renowned technical analyst, various indicators show that the altcoin market has entered a bull cycle that will continue for at least the next eight weeks.
In a recently uploaded video, the crypto analyst showed why crypto users should expect the altcoin market to rally in the coming weeks. Using data from the Blockchain Center analytics tool, Plessis showed that the altcoin season index has kicked off.
From the chart, the analyst showed that the index is tending towards the far right, with a value of 76, where 75 marks the beginning of an altcoin season. According to the analyst, the analytics tool reflects such values when most altcoins have outperformed Bitcoin over the last 90 days, which happens to be the case.
Plessis supported his position with an ove…
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