I understand we are entering altcoin season and things will be bullish. But when will we see the downward trend? Are we talking mid 2025?
I know its a bit of an unknown but interested in hearing peoples views/predictions...
It is always hard to say for sure in certain years, although it is not impossible for it to happen in a certain year as you said. But seeing the current bullish conditions that continue to strengthen at the end of this year, of course the possibility of a price correction for coins and also for all altcoins could occur in the middle of next year, but I don't imagine it to be much bigger because there are now many people who have liked Bitcoin and also some of the top altcoins that have good networks at the moment. So the potential for a price drop may only be momentary in a small size for all altcoins that already have a lot of interest in the market.
Certain years? For a down trend? Oh ho, I think that was pretty long but down trend is actually happening that often compared to an up trend and they can also last longer. The market has been bullish like these for quite a long time now, so I think a down trend is already forming and incoming maybe in the first or second month of 2025. Maybe that was true that there are now lots of people involved here but that can also be a reason for much bigger dump when all or most of them sell their cryptos. This is most of the people don't realize but they think only good things will occur, although a huge dump is also a good thing if you have a versatile mindset.