Will Q2 be Bitcoin Season? - CRYPTO FRIDAY
Hey DEFI TIMES community,
Q1 was an Altcoin season, for sure. Especially in February, we saw tremendous growth in all kinds of DeFi and NFT related projects.
Of course, you all know that crypto moves in cycles:
1) Bitcoin seasons
2) Altcoins seasons
According to the Altcoin Season Index, we are at the peak of this altcoins season. Now, many people ask themselves whether or not this altseason will continue throughout Q2.
Well, it could - but there’s also a good probability that we will see a reversal of this trend, back to a Bitcoin season. As crypto moves in cycles, there is a good chance that we could see more and more attention moving to Bitcoin in Q2.
Think about it: Bitcoin has been lagging attention since February. There was no major news story involving a large company putting Bitcoin on its balance sheet since Tesla announced their Bitcoin purchase. I expect that to change very soon - maybe in Q2?
History suggests that exactly this will happen. How long can this altcoin season last? It could go on until May or June.
But eventually… it will come to an end…!
Bitcoin season will come. Are you prepared?
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All information presented above is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This article's content solely reflects the opinion of the writer, who is not a financial advisor.
Do your own research before you purchase cryptocurrencies. Any cryptocurrency can go down in value. Holding cryptocurrencies is risky.