- Analyst shares keen insights on the upcoming altseason with a target of $2.5 trillion.
- This analyst advises vigilance for traders to maximize their profits during altseason phase.
- Another analyst shares top price expectations for VET in varying market scenarios.
Bitcoin’s (BTC) price is showing strong resilience between the $58,000 and $60,000 range leading to lots of speculations among crypto market analysts. Some expect major dips in Bitcoin price before the arrival of a parabolic pump towards new ATHs.
Expectations for 2024 Altseason Arrival
According to one crypto analyst, the 2024 altseason is nearly upon the crypto market. In comparison to previous altseasons, the parabolic pump phase has always takes place in a 112 day period.
If this pattern were to repeat once again, then massive gains for altcoins are yet to be realised in the coming 3-4 months. The analyst says he’s been steadily accumulating for the last 18 months and is highly anticipating the moment of maximizing his profits.
He warns traders to be vigilant as with previous phases, traders tend to buy when the market peaks and sell too late leading to losses instead of profits. He preaches vigilance so traders can sell as near the top as possible using credible data and reliable tools.
In addition, he encourages traders to prepare and educate themselves with relevant information to walk away in success when the time comes. Alongside this encouraging message, other crypto analysts are sharing their expectations for their favorite crypto altcoins.
https://x.com/Crypto_Erdemm/status/1823113388626497832
Popular Altcoins Already Bullish, VET Set for Parabolic Pump
In particular, one analyst shares his bullish, standard, and bearish cycle top scenarios for VeChain (VET). According to this analysts expectations, the price of VET will hit $0.25 in a bear scenario, $0.65 in the standard scenario, and $1 and $1.8 in the bull and blowoff top cases. According to CoinMarketCap analytics, the price of VET is presently at $0.023.
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