- Bitcoin dips as analyst confirm a healthy correction phase.
- Another analyst marks this as the official start to altseason.
- SHIB prepares for massive gains that could result in 3X pump.
As Bitcoin (BTC) price continues to fall in what looks to be a harsh market dip, analysts come together to identify this dip as a healthy correction for the crypto market before the arrival of 6-digit ATHs for the pioneer crypto asset. Most analysts are certain that $100,000 BTC ATH will arrive soon after this shakeout.
Altcoins Swell Despite Bitcoin’s Correction
Meanwhile, other analysts are keeping a close watch on altcoins. While Bitcoin pumped over the last month, altcoins followed its lead to pump between 50% to 200%. These assets include DOGE, VET, VTHO, ADA, XRP, and many other popular tokens in the crypto market. Now, despite Bitcoin’s correction phase, altcoins seem to be holding strong.
Thus, one analyst identifies this signal as an indication of the start of the long-awaited altseason. If this truly is the onset of altseason then the altcoin market should continue to rally further until multiple new ATHs are set for a wide range of potential altcoins. Moreover, Ethereum (ETH) as the pioneer altcoin asset will likely take the lead.
SHIB’s Major Pump Could Drive Over 3x Gains
Indeed, ETH price could pump soon taking with it all the other popular altcoins in the crypto market. To highlight, the analyst int he post above draws light on Shiba Inu (SHIB). The analyst says that SHIB looks to be in some of its best positions in years, holding well broken out and up over 162% since.
Additionally, he states that while SHIB shows majorly positive responses to a recent Hidden Bullish Divergence, the move can suggest an over 75% pump above the 2024 Highs. This pump will likely be a smaller part of a much larger pump of over 215% taking SHIB price to a target of $0.000081. He expects 3x gains for SHIB coming quickly.
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