Bitcoin (BTC) remains steady around the $72,000 mark, attracting close scrutiny from analysts as they monitor potential market trends. While Bitcoin shows promise for reaching new all-time highs (ATHs), the question of when altcoins will follow remains open—potentially signaling the onset of an altseason.
For a bullish altseason to unfold, much depends on how high Bitcoin can climb. Initially, BTC would need to surpass its previous ATH of $73,700, setting the stage for higher targets. If achieved, analysts believe Bitcoin could then aim for a new ATH, with some estimating a target of $77,100.
As bullish sentiment for Bitcoin grows, so do expectations for altseason and for altcoins to pump parabolically. As we can see from the post above, this analyst marks that an altcoin surge is imminent and Ethereum (ETH) is already showing bullish signs for a pump. If this plays out, other altcoins will follow ETH’s lead.
Similarly, Solana (SOL) is also showing bullish signs for a massive pump ahead. In detail, the analyst explains that there is still ample opportunity for traders and investors to accumulate capable strong altcoins before altseason begins when altcoins will truly begin to pump. Other bullish altcoins at the moment include LUNC and ONDO.
Read CRYPTONEWSLAND onTo highlight, silver-tongued analyst, Doctor Profit draws light on ONDO, he recommended accumulating ONDO at the price of $0.18. Presently, the asset stands at $0.70 and the analyst expects the asset to hit $10 in a year. Similarly, LUNC seems to printing a bullish breakout pattern.
While #RAY, #AXL, #PYTH, and #JUP show less short-term potential, #Catzilla emerges as the ultimate…
#Solana, #SUI, and #Dogecoin show promising price movements, hinting at potential breakouts as market sentiment…
Bitcoin's dominance surpasses 60%, prompting #investors to reassess allocations and #explore BTC-focused assets, including #rising…
Spot On Chain tracks the #PAItoken's rise as new #wallets accumulate, revealing #bullishmomentum and key…
As #Bitcoin shows signs of recovery, the spotlight turns to certain #memecoins with the potential…
#Bitcoin’s breakout to $71,250 fuels bullish optimism. With solid technical support, the 2024 halving may…