Analyst Jamie Coutts predicts a surge in high-quality altcoins as global liquidity increases.
Extreme Bearish Levels
Coutts notes that a market indicator known as the “Top 200 Equal Weight vs. Market Cap Weight Ratio” is currently at extremely bearish levels. This has historically signaled upcoming cyclical bottoms and mid-cycle entries.
Altseason Index
Earlier this month, Coutts predicted that the Altcoin Season Index, which measures the profitability of altcoins relative to Bitcoin, could soon turn bullish.
Second-Half Turnaround
Coutts believes a turnaround in altcoin prices will occur in the second half of the year. He cites improving liquidity and a potential bullish cross on the Altcoin Season Index as signs of a change in trend.
Disclaimer
Opinions expressed in this article are not investment advice. Investors should conduct their own research before making any high-risk investments.
