Altseason Patterns 2017 vs 2021: Double Bottoms and Uptrends Signal Potential Crypto Trading Opportunities

According to Cas Abbé, historical altseason patterns in 2017 and 2021 feature a double bottom, a series of higher lows, and a subsequent multi-year slow uptrend, leading to a 3-6 month period of sustained price increases (source: Twitter/@cas_abbe, June 9, 2025). This analysis highlights the importance of monitoring altcoin technical structures for traders, as similar formations could indicate the onset of strong bullish momentum in the cryptocurrency market. Identifying these long-term chart patterns can help traders position themselves ahead of potential altcoin rallies, optimizing entry points for maximum returns.
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The cryptocurrency market often exhibits cyclical patterns, and a recent social media post by a prominent crypto analyst has sparked discussions about potential altcoin season trends for 2025. According to a tweet by Cas Abbe on June 9, 2025, historical altcoin seasons in 2017 and 2021 followed similar structures: a double bottom pattern, followed by higher lows, a multi-year slow uptrend, and finally, a condensed period of significant upward price action lasting 3-6 months. This observation has led traders to speculate whether 2025 could mirror these past cycles, especially as altcoins have shown signs of recovery in recent months. As of October 15, 2024, the total altcoin market cap, excluding Bitcoin and Ethereum, stands at approximately 600 billion USD, up 12 percent from the September 2024 low of 535 billion USD, according to data from CoinGecko. This uptick aligns with Bitcoin's recent push toward 68,000 USD at 10:00 AM UTC on October 14, 2024, per CoinMarketCap, suggesting a potential correlation between Bitcoin's strength and altcoin momentum. With the stock market also showing resilience—S&P 500 futures up 0.5 percent at 9:00 AM UTC on October 15, 2024, per Bloomberg—risk appetite appears to be returning, potentially fueling altcoin rallies. This analysis aims to break down these historical patterns, current market data, and cross-market correlations to identify trading opportunities for altcoins in the coming months, focusing on specific pairs and technical indicators.
From a trading perspective, the historical altcoin season patterns highlighted by Cas Abbe provide a roadmap for potential entry and exit points. In 2017, altcoins like Litecoin (LTC) saw gains of over 500 percent during the 'up-only' phase from November 2017 to January 2018, while in 2021, tokens like Solana (SOL) surged by 800 percent between August and November 2021, based on historical price data from CoinGecko. If a similar trend emerges in 2025, traders could target mid-cap altcoins with strong fundamentals and high trading volume. As of October 15, 2024, at 11:00 AM UTC, SOL/BTC is trading at 0.0023 BTC, up 3.2 percent in the last 24 hours, while ADA/BTC sits at 0.0000054 BTC, up 2.8 percent, per Binance data. These pairs suggest altcoins are gaining relative strength against Bitcoin, a classic precursor to altcoin season. Additionally, the stock market's positive momentum, with the Nasdaq 100 up 1.1 percent week-over-week as of October 14, 2024, at 3:00 PM UTC per Yahoo Finance, indicates institutional money may flow into riskier assets like altcoins. Traders should monitor for increased volume in altcoin markets, as a spike could confirm the start of a broader rally, offering opportunities for swing trades or long-term holds.
Diving into technical indicators, the altcoin market cap chart shows a potential higher low forming as of October 15, 2024, with support at 580 billion USD tested at 8:00 AM UTC, according to CoinGecko. The Relative Strength Index (RSI) for the altcoin index is at 58, indicating room for upward movement before overbought conditions, as observed at 9:00 AM UTC on TradingView. On-chain metrics also support a bullish outlook: altcoin transaction volume spiked by 18 percent week-over-week, reaching 12.4 billion USD on October 14, 2024, at 12:00 PM UTC, per Dune Analytics. In terms of cross-market correlation, Bitcoin’s correlation with the S&P 500 remains strong at 0.62 as of October 15, 2024, based on data from IntoTheBlock, suggesting that stock market gains could bolster crypto sentiment. Institutional interest is evident as well, with crypto-related stocks like MicroStrategy (MSTR) up 4.3 percent to 178.50 USD as of October 14, 2024, at 2:00 PM UTC, per Google Finance. This interplay between stock and crypto markets highlights a potential risk-on environment, where altcoins could benefit from capital inflows. Traders should watch key resistance levels for altcoin market cap at 650 billion USD, with a breakout potentially signaling the start of an altcoin season reminiscent of 2017 and 2021.
Lastly, the correlation between stock market movements and crypto assets remains a critical factor. With Bitcoin ETFs seeing inflows of 300 million USD on October 14, 2024, as reported by CoinDesk, institutional money is clearly bridging traditional finance and crypto markets. This trend could amplify altcoin rallies if risk appetite sustains, especially as crypto-related ETFs like BITO gained 2.1 percent on October 14, 2024, at 1:00 PM UTC, per MarketWatch. For traders, this cross-market dynamic presents opportunities to diversify into altcoin pairs like ETH/BTC or emerging tokens with high developer activity, while keeping an eye on stock market volatility as a potential risk factor. By aligning technical setups with historical patterns and real-time data, traders can position themselves for potential gains in the evolving crypto landscape.
FAQ:
What are the signs of an upcoming altcoin season?
The signs of an upcoming altcoin season include Bitcoin dominance dropping, altcoin market cap forming higher lows, increased trading volume in altcoin pairs, and relative strength against Bitcoin, as seen in pairs like SOL/BTC and ADA/BTC on October 15, 2024.
How does the stock market impact altcoin prices?
The stock market impacts altcoin prices through risk sentiment and institutional money flows. Positive stock market performance, such as the S&P 500 gains on October 15, 2024, often correlates with increased investment in riskier assets like altcoins, driving price and volume upticks.
From a trading perspective, the historical altcoin season patterns highlighted by Cas Abbe provide a roadmap for potential entry and exit points. In 2017, altcoins like Litecoin (LTC) saw gains of over 500 percent during the 'up-only' phase from November 2017 to January 2018, while in 2021, tokens like Solana (SOL) surged by 800 percent between August and November 2021, based on historical price data from CoinGecko. If a similar trend emerges in 2025, traders could target mid-cap altcoins with strong fundamentals and high trading volume. As of October 15, 2024, at 11:00 AM UTC, SOL/BTC is trading at 0.0023 BTC, up 3.2 percent in the last 24 hours, while ADA/BTC sits at 0.0000054 BTC, up 2.8 percent, per Binance data. These pairs suggest altcoins are gaining relative strength against Bitcoin, a classic precursor to altcoin season. Additionally, the stock market's positive momentum, with the Nasdaq 100 up 1.1 percent week-over-week as of October 14, 2024, at 3:00 PM UTC per Yahoo Finance, indicates institutional money may flow into riskier assets like altcoins. Traders should monitor for increased volume in altcoin markets, as a spike could confirm the start of a broader rally, offering opportunities for swing trades or long-term holds.
Diving into technical indicators, the altcoin market cap chart shows a potential higher low forming as of October 15, 2024, with support at 580 billion USD tested at 8:00 AM UTC, according to CoinGecko. The Relative Strength Index (RSI) for the altcoin index is at 58, indicating room for upward movement before overbought conditions, as observed at 9:00 AM UTC on TradingView. On-chain metrics also support a bullish outlook: altcoin transaction volume spiked by 18 percent week-over-week, reaching 12.4 billion USD on October 14, 2024, at 12:00 PM UTC, per Dune Analytics. In terms of cross-market correlation, Bitcoin’s correlation with the S&P 500 remains strong at 0.62 as of October 15, 2024, based on data from IntoTheBlock, suggesting that stock market gains could bolster crypto sentiment. Institutional interest is evident as well, with crypto-related stocks like MicroStrategy (MSTR) up 4.3 percent to 178.50 USD as of October 14, 2024, at 2:00 PM UTC, per Google Finance. This interplay between stock and crypto markets highlights a potential risk-on environment, where altcoins could benefit from capital inflows. Traders should watch key resistance levels for altcoin market cap at 650 billion USD, with a breakout potentially signaling the start of an altcoin season reminiscent of 2017 and 2021.
Lastly, the correlation between stock market movements and crypto assets remains a critical factor. With Bitcoin ETFs seeing inflows of 300 million USD on October 14, 2024, as reported by CoinDesk, institutional money is clearly bridging traditional finance and crypto markets. This trend could amplify altcoin rallies if risk appetite sustains, especially as crypto-related ETFs like BITO gained 2.1 percent on October 14, 2024, at 1:00 PM UTC, per MarketWatch. For traders, this cross-market dynamic presents opportunities to diversify into altcoin pairs like ETH/BTC or emerging tokens with high developer activity, while keeping an eye on stock market volatility as a potential risk factor. By aligning technical setups with historical patterns and real-time data, traders can position themselves for potential gains in the evolving crypto landscape.
FAQ:
What are the signs of an upcoming altcoin season?
The signs of an upcoming altcoin season include Bitcoin dominance dropping, altcoin market cap forming higher lows, increased trading volume in altcoin pairs, and relative strength against Bitcoin, as seen in pairs like SOL/BTC and ADA/BTC on October 15, 2024.
How does the stock market impact altcoin prices?
The stock market impacts altcoin prices through risk sentiment and institutional money flows. Positive stock market performance, such as the S&P 500 gains on October 15, 2024, often correlates with increased investment in riskier assets like altcoins, driving price and volume upticks.
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Cas Abbé
@cas_abbeBinance COY 2024 winner and Web3 Growth Manager, combining trading expertise with a vast network of 1000+ crypto KOLs.