2024/25 Bull Run Strategies: Catching the Next Altcoin Rotation 🚀
How to Build the Ideal Crypto Portfolio (With 5 Coins)
Welcome back to Wealth Vault. It's been another week of choppy markets, with Bitcoin retracing from $70,000 to around $67,000 at the time of writing. Ethereum has also struggled to break above $4,000 despite the recent ETF victory. As a result, many are confused, wondering where we stand in the bull market, or if we're even in one at all.
In this special edition, we'll discuss the current state of the Bitcoin and altcoin markets, analyze our position, and highlight the best altcoins to hold in the current conditions. It's going to be an informative one, and I hope you'll find it enjoyable.
Here’s what we’ll discuss:
💎Bitcoin (BTC) Price Analysis
💎Ethereum ETFs: Why ETH Won’t Pump
💎What Ethereum ETFs Mean for ETH/BTC Pair and Bitcoin Dominance
💎When to Expect the Altcoin SeasonÂ
💎The Next Altcoin Rotation: Coins to Buy
💎The Ideal Crypto Portfolio for the 2024/25 Bull Run
Let’s get started
💎Bitcoin (BTC) Price Analysis
Bitcoin looks ripe for another run after establishing strong support above the $58,000 level. This level was significant during the 2021 bull run, triggering a 50% dip and later marking the beginning of the 2022 crypto winter. Now, with BTC building solid support above it, the outlook is bullish from a macro perspective. This support should serve as a launchpad for the price to continue its upward trajectory in the coming weeks and months.
On a daily timeframe, BTC’s price action remains positive above the $65,000–$67,000 support zone. Losing this zone would invalidate the bulls and result in a drop to $60,000. If it holds, we could see a move to retest the $73,000 highs. However, liquidity tends to dry up during the summer months, meaning we could see choppy, range-bound conditions similar to 2023.
💎Ethereum ETFs: Why ETH Won’t Pump
Despite the recent approval of Ethereum ETFs, excitement around ETH has been muted so far. The expected pump to break all-time highs has yet to materialize. Why? Mostly, it has to do with uncertainty around the actual launch date. Once the S-1 forms are approved and a firm launch date is announced, there will likely be much more excitement and a shift to a risk-on mentality.
The uncertain timing of the announcement triggered traders who were underexposed to rush and increase their ETH exposure, resulting in sideways price action. However, longer-term investors and narrative traders are still on the sidelines, awaiting more clarity.
💎What Ethereum ETFs Mean for ETH/BTC Pair and Bitcoin Dominance
Despite an indecisive market structure against the USD, ETH has gained more stability against BTC. This follows a prolonged downturn since the Merge.Â
Since the FTX collapse, BTC's dominance has been on an uptrend and is now at 50.2%. A reversal of this uptrend would signal a new bull run leader: ETH. This shift would also coincide with the ETH/BTC pair breaking out to the upside. Does this mean it’s time to allocate more funds to Ethereum than Bitcoin? For the first time in a while, yes.Â
Another question that arises as we head into a 'boring' summer is, when will the rally resume, and when can we expect a cycle top? Historically, Bitcoin performs best in Q4, while Ethereum shines in Q1. Thus, Q4 2024 and Q1 2025 could mark the next major bullish phase, with the cycle top occurring by Q1 2025.
💎When to Expect the Altcoin SeasonÂ
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