- Analyst notices significant historic pattern that could welcome this bull cycle’s altseason.
- Memecoins are slowly beginning to underperform over utility tokens, pointing to altseason.
- Bitcoin Cash (BCH) could make a 960% price pump amid bullish signals.
With Bitcoin (BTC) still moving in a slow sideways movement and with the Crypto Fear and Greed Index still in the ‘Extreme Fear’ zone, the crypto community waits to see signs of bullish upturns soon, and one analyst and crypto enthusiast may have found one market signal that could point at a bullish uptrend soon.
Memecoin Underperform as Utility Coins Take Over
As we can see from the post above, this analyst notices that memecoins are slowly beginning to underperform while utility coins and slowly gaining momentum once again. This is a historic sign for a bullish reversal in the crypto market.
While the analyst does point out that this is just one small signal that could lead to big moves she encourages the importance of small signals that will lead to big changes. If this momentum were to continue, then most analysts are certain that altseason is just around the corner.
Altcoins Show Bullish Signs, 960% Pump for BCH?
So far, many altcoins have shown a handful of bullish signals on their price charts. Popular tokens like XRP, JASMY, VET, DOT, MATIC, ETH, LINK, and many others are some cryptos that show signs of massive bullish breakouts.
https://x.com/javontm1/status/1824614558331236643
In particular, Bitcoin Cash (BCH) continues to hold a key bullish pattern including multiple successful breakouts that could take the asset to the $3,745.89 price target. The analyst expects to see a climb of over 960% for BCH price and hopes to see it fulfilled from a hidden bull divergence pattern. According to CoinMarketCap data, the price of BCH is $339.51 at present time.
