- Head macro economist declares that altseason will continue.
- He goes on to explain why he expects this outcome in a detailed post.
- His observations rely solely on chart structure and suggest ignoring sentiment.
The price of crypto assets continues to stagger following the $20 billion liquidation event and continues to find signs of bullish hope for a possible altseason or even one last new ATH price for Bitcoin (BTC). At the moment, expectations are torn between bullish and bearish sentiments. Amidst the silence, a prominent head macro economist declares that altseason will continue and explains why.
Head Macro Economist Declares That Altseason Will Continue
The past few weeks have been a harrowing one for altcoins in particular. This is not only due to the fact that altcoins have barely pumped this bull cycle, but also because altcoins took the greatest hit during the $20 billion liquidation event earlier this month. The event that is now remembered as the largest single-day liquidation in crypto history, say, crypto prices fall dramatically in under an hour.
It began with the price of BTC falling from $121,000 to $104,000 in under one hour, which in response led to the prices of altcoins falling fast as well. Thus, in one fell swoop, nearly all leverage and long positions for altcoin traders were completely wiped out. The crash was so fierce that even $3 billion in short liquidations were taken out. The event left the crypto market in a state of reset.
This time coincided with the end of the 4-year bull cycle, as many analysts pointed out, meaning that the bear market is in its early stages. But other analysts argue saying there cannot be a bear market without an altseason and expect a quick altseason pump to play out before the year comes to a close. As we can see from the post above, this one macro economist declares that altseason will continue.
The post goes on to explain how the analyst notes that altseason techniclly started in June 2025 when the price of ETH began to outperform BTC. He says that the altcoin market had been in wave a 2 bounce. Now he states that the altcoin market is on the edge of a large wave 3 decline, where late comers and doubters will be chasing to get in. This is when ETH and altcoins are set to soar as the chart structure suggests.
$119,650 Remains Key Resistance for Bitcoin
As for Bitcoin, the asset continues to face a number of new resistances which once stood as support lines. As we can see from the post above, this popular crypto analyst says that $119,750 is a key resistance level for Bitcoin (BTC), at the moment. Thus, if BTC fails to reclaim this price range, then the price of BTC could trigger a bearish move down to $97,130 or even $74,500 price targets.
