Controversial Statements from Experienced Analyst! "There Might Not Be Another Altcoin Season"

Renowned cryptocurrency analyst Ali Martinez shared his controversial thoughts on the altcoin season in his recent statement.

Ali Martinez said there may not be another altcoin season after this.

Martinez attributed this idea to the excessive increase in the total number of altcoins since the last altcoin season. According to the analyst, there are currently 36.4 million altcoins in the market. On the other hand, during the 2017-2018 bull run, there were fewer than 3,000 altcoins, and during the 2013-2014 bull run, there were fewer than 500 altcoins in the market.

The analyst, with this comment, thinks that currently capital is flowing into the overall altcoin market, and considering the total altcoin market value, there has already been an excessive growth.

In addition, Martinez claimed that bear market could start within 90 days, although he admitted that it was a controversial idea according to his analysis. The analyst's statement, who previously predicted a major rally in Dogecoin price, received a backlash. However, Martinez claimed that DOGE could still experience a rally within 90 days.

However, the analyst who also talks about Bitcoin claimed that the $97,877 level is a critical support level for BTC price and that 101,000 BTC has been previously accumulated by whales at this level.