Altcoin
Don’t Let It Get You Down, Says Analyst, Bitcoin and Altcoin Rally Has Just Begun
The cryptocurrency market is all green again, with Bitcoin and altcoins enjoying significant rallies. Cryptocurrency Analyst Chief Crypto provided further optimism, suggesting that these tokens will make even more massive upward moves.
“The Best is Yet to Come” for Bitcoin
Head of Crypto gives his opinion on X (ex Twitter) send that “the best is yet to come” for Bitcoin and altcoins. He noted that Bitcoin is pumping, having recovered the $60,000 range as support. The cryptocurrency analyst added that altcoins also seem to have found their local bottom, which means they are well-poised for massive upside rallies.
With Bitcoin back above $65,000, it looks like it’s only a matter of when, not if, before the flagship cryptocurrency takes over again. $70,000 range. Capo had previously said that a rebound of the $65,000 level would be the next bullish confirmation for the flagship cryptocurrency. The analyst added that the market should expect elevated prices once that happens.
As for how Bitcoin could rise, Capo said that the primary target would be the liquidity zone between $74,000 and $76,000. Bitcoin rising to these price levels would mark a new all-time high (ATH) for the flagship cryptocurrency. Cryptocurrency analyst Rekt Capital shared a similar sentiment with Capo, suggesting that a successful retest by Bitcoin of the $65,000 resistance level would send it back above $70,000.
The real fun is believed to begin when Bitcoin rebounds above $70,000, cryptocurrency analysts say Michael van de Poppe had previously mentioned that the running of the bulls will continue once the flagship cryptocurrency returns above this price level. Cryptocurrency Analyst Crypto Kaleo had also recently advised market participants not to get caught up in the shock. declared that the market is still going “much higher” and that some patience is still needed before “the fun really begins.”
The “Huge” Altcoin Season Is Approaching
Cryptocurrency Analyst Mkybull Crypto stated in a post X that a huge altcoin season is brewing. He said that this cycle could be similar to the explosive altcoin season rally in 2017, as the current altcoin price action shares a similar price action to that period. Mikyull Crypto added that the fakeout made many believe that the altcoin season for this cycle had been cancelled, but he suggested that this is not the case, as something similar happened in Post-halving cycle 2016.
Interesting, Chief. declared who is more bullish on altcoins. He mentioned the Spot Ethereum ETFswhich are expected to start trading this week. Cryptocurrency analysts predict that these funds could spark a massive rally for Ethereum and altcoins, by extension, which could help usher in altcoin season as surpass Bitcoin.
Featured image created with Dall.E, chart from Tradingview.com