<p>The post <a rel="nofollow" href="https://coinpedia.org/altcoin/crypto-bull-run-heres-what-next-for-major-altcoins/">Crypto Bull Run: Here’s What Next For Major Altcoins</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Bitcoin’s price is approaching the $30,000 mark, but according to an analyst, it’s time to shift our focus to altcoins, which are poised for significant gains.<a href="https://www.youtube.com/watch?v=mvyTA4dKPqI"> According to AM Crypto’s new YouTube video</a>, as Bitcoin nears $30,000, its dominance in the cryptocurrency market is increasing rapidly. Breaking through a two-year resistance area, Bitcoin is now pushing toward the next resistance zone at 52.16.</p> 
<p>As market sentiment improves across the board, the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">price of Bitcoin</a> is approaching its 2023 highs. The past few weeks have been notably captivating, witnessing BTC initially dropping below $25,000 and subsequently reversing the trend, surging to $30,820.</p> 
<p>However, if <a href="https://coinpedia.org/bitcoin/bitcoin-sets-up-new-bullish-target-will-btc-price-hit-37k-in-coming-days/" target="_blank" rel="noreferrer noopener">Bitcoin is rejected around the $30,000 mark</a>, a potential retracement could lead to a decline in Bitcoin dominance, settling around the 50-51 area. This scenario would mark the beginning of altcoins’ rise, offering an excellent opportunity for investors.</p> 
<p>On the daily chart, the price has surpassed the CPR (Central Pivot Range) levels and is gravitating toward the $31,000 to $32,000 range. It is likely that <a href="https://coinpedia.org/bitcoin/bitcoin-whales-activated-is-this-the-beginning-of-a-bull-run/" target="_blank" rel="noreferrer noopener">Bitcoin’s price</a> may find resistance in this zone, leading to a potential consolidation or retracement below $30,000. Subsequently, Bitcoin may experience sideways movement while altcoins take the spotlight.</p> 
<p>Considering altcoins, he specifically focuses on Chainlink (LINK). Currently, LINK is on the verge of breaking a key resistance level at $50.43. With the stochastic RSI showing room for upward movement. Looking further ahead, LINK’s bullish momentum could continue until the end of July or August, potentially yielding a remarkable 95% return.</p> 
<p>The rise in Bitcoin and increased capital flowing into the global crypto market can be attributed to BlackRock, the world’s largest asset manager. Last week, BlackRock filed for a spot Bitcoin Exchange Traded Fund (ETF), which has positively influenced market sentiment. This move, along with other significant developments, has resulted in a surge of capital entering the crypto market, driving Bitcoin’s price above $30,000.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
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Crypto Bull Run: Here’s What Next For Major Altcoins

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