- The Pepe/Doge pair offered interesting insights compared to the same time last year.
- The Altcoin market was weak, but this can be a good time to buy.
The crypto market capitalization has fallen from $ 3.73 trillion to $ 3.42 trillion in six weeks. The bullish conviction in November and December then Bitcoin [BTC] Focused on and broke past $ 100k mark has evaporated.
Source: Total on TradingView
With this loss of trust, BTC was a range around the level of $ 100k, but Altcoins have paid a large percentage in the last six weeks.
Pepe [PEPE] 57.8% had fallen compared to his all time in the second week of December- but there is a chance that the memecoin has formed a bottom.
Pepe vs. Dogecoin- 2024’s February could repeat itself
In one Post on X (formerly Twitter)founder of Because Bitcoin Max Schwartzman noted that the Pepe/Doge pair in 2024 recovered an important level of support before he zoomed higher.
In essence, Pepe/Doge implies that Pepe performs better than Dogecoin [DOGE].
In February 2024, Pepe Pepe saw a retest of the level that saw a strong pump in November in November and March in November.
Schwartzman noted that such a scenario played again, and this could lead to Pepe gained extraordinary profit in the coming weeks.
Investigating the opportunities for an altiation season
Although Pepe/Doge can be issued, the Altcoin market may not have. The legendary Altcoin season is not yet there, with the lecture on 53. Yet this was a comparable situation compared to February and March 2024.
At the time, BTC also noted impressive profit on the back of the approvals of Spot ETF, which climbed from $ 42k to $ 72k in six weeks.
Source: BTC.D on TradingView
If we compared the Bitcoin dominance with Bitcoin Cycli, we can see that BTC.D had an essential long-term resistance.
The rejection in November that led to a mini-alt season could arise. This in turn can help the efforts of the Pepe Bulls.
Read Pepe’s [PEPE] Price forecast 2025-26
As the previous year showed, BTC and Altcoins can pump higher. Whether that will happen again was unclear. There was much more fear in the market and some unwillingness to “buy the dip” social mediaAs many participants believe that the cycle is over.
It is precisely in anxious circumstances that buying can give predominantly returns, but investors must be aware of the risks, it can play differently this time.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer
