Crucial Ten Days May Trigger Mega Altcoin Season, Bitcoin Surge

Bitcoin's ongoing consolidation is attracting attention as analysts predict the next ten days will be pivotal for altcoin season and a potential market rally. The Bull Theory suggests this period could define a "mega altseason" in Q4.

Impact of Global Economic Data on Crypto Prices

Recent economic data from China shows weakening demand: retail sales grew by 3.4% year-on-year, below the expected 3.9%, and industrial production rose by 5.2%, the slowest in twelve months.
Speculation about quantitative easing (QE) arises as China's economy cools, with substantial liquidity injections already underway.
The U.S. Federal Reserve is anticipated to cut interest rates by 25 basis points on September 17, potentially leading to increased liquidity and rising crypto prices.

Crypto

If Fed Chair Jerome Powell signals additional easing, Bitcoin and other cryptocurrencies could experience price surges of 5%-10% within weeks.
Ethereum may see inflows from ETFs, while altcoins could benefit from heightened risk appetite among investors.
A lack of further Fed cuts could lead to a correction in risk assets.

Central Banks' Potential Rate Cuts

Key decisions are expected from central banks like the Bank of England on September 18. A rate cut would align with global easing trends.
The Bank of Japan might adopt dovish measures on September 19, affecting yen value and increasing dollar liquidity.

The best-case scenario involves coordinated global easing, with contributions from the Fed, BOJ, and BOE, driving liquidity into markets. This could push Bitcoin past $120,000, boost Ethereum ETF inflows, and enhance altcoin performance. The Bull Theory concludes that synchronized easing could trigger a robust altcoin season in the coming days.