- Bitcoins dip to $69,000 does nothing to dampen the bullish altseason sentiment.
- Multiple altcoins continue to print bullish signals on their respective price charts.
- Ripple’s XRP is one such asset, it could pump significantly very soon.
Bitcoin recently retreated from its sideways movement near $73,000, dipping to a higher low of $69,000 as it attempts to reclaim its previous ATH of $73,700. While some traders are frustrated by this pullback, experienced investors view Bitcoin’s pattern of setting higher lows and highs as a sign of strength, potentially signaling a path back to record levels.
Despite the dip, analysts remain optimistic, anticipating a major breakout for Bitcoin in the coming months. Many expect BTC to hit new highs in Q4, with projections ranging from $100,000 to $150,000. This bullish outlook extends to altcoins, as some analysts predict a bull cycle peak for BTC between $220,000 and $550,000, setting the stage for a promising altseason.
Altseason Expectation Unfazed by Bitcoin’s Latest Dip
According to many analysts, altseason could begin in the middle of Q4 of 2024 or will likely start in Q1 of 2025. Supporting this sentiment, several popular altcoins like SHIB, ADA, DOGE, and XRP are showing bullish indicators. Altcoins such as FET, JUP, and SUI have already started to climb, while other coins like XRP, SHIB, DOGE, and ADA are exhibiting positive signs on their charts, reinforcing the potential for an explosive altseason ahead.
XRP Prints More Bullish Pump Indicators
One popular altcoin that’s showing major pump potential is Ripple’s XRP. This asset missed the previous cycle pump due to its battle with the SEC, which has now ended successfully. Presently, analysts have noticed XRP making many bullish pump indicators like a golden cross formation and tightening Bollinger bands.
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As we can see from the post above, XRP has gone on to print a new bullish indicator that points to a bullish breakout. Based on the posts above, XRP is forming a double bottom pattern on the XRP/BTC chart printing a bullish signal that could lead to a trend reversal leading to new possible ATHs for XRP.
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