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Moreover, the upcoming Bitcoin halving on April 19th adds another layer of optimism. Historically, Bitcoin has surged shortly after each halving event, reinforcing the idea that now is an advantageous time to invest.
Tool #2: The Altcoin Season Index
While Bitcoin's trajectory is crucial, understanding when to pivot to altcoins is equally vital. For this, I turn to the Altcoin Season Index. This index illustrates whether the market favors Bitcoin or altcoins, depending on its position on a simple scale.
When the index leans towards Bitcoin, it signals that altcoins may not perform as well. Conversely, when it shifts towards altcoin season, it indicates a time where investing in various altcoins would be highly profitable.