- Altcoins retake the spotlight as Bitcoin price deteriorates once again.
- Analysts notice bullish pump indicators for altcoin Filecoin.
- FIL price could pump 3,500% and pull a 36x to hit $190 pump target.
The price of the pioneer crypto asset is having a difficult start to the week as its 6-digit price hold seems to have crumbled taking BTC price back to prices below the $100,000 price range. Despite this dip, analysts remain bullish on BTC hitting its next ATH target set at $120,000 in the coming weeks ahead.
Altcoins Flourish Despite BTC Price Dump
What’s more, the Crypto Fear & Greed Index score slipped only to 71 maintaining a green and bullish ‘Greed’ sentiment. While analysts await BTC to enter another recovery that will lead to a bull trajectory, altcoins have instead taken the focus. With many altcoins already having set new ATHs, expectations for the altcoin market only seem to be growing stronger.
This growing anticipation is likely because every Q1 following a Bitcoin Halving year has led to the start of the peak of the altseason. With Q1 now entering its second month, and February being a historically bullish month, these expectations have increased exponentially. Many altcoins are showing highly bullish indicators suggesting significant pumps in the weeks ahead.
3,500% Pump Awaits FIL Price
One such altcoin indicating parabolic pumps ahead for its price is Filecoin (FIL). Presently, the price of FIL is at $4.56 according to CoinMarketCap analytics. As we can see from the post above, this analyst predicts a pump of over 3,500% for FIL price which will take the asset to the price of $190 after a pump over 36x.
