Bitcoin Cash

Bitcoin

<p>The post <a rel="nofollow" href="https://coinpedia.org/altcoin/crypto-market-outlook-famous-analyst-forecast-a-massive-altcoin-cycle-coming-soon/">Crypto Market Outlook: Famous Analyst Forecast A Massive Altcoin Cycle Coming Soon</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In his latest video analysis, esteemed cryptocurrency analyst Ivan on Tech <a href="https://www.youtube.com/watch?v=q7B0CjODYjc">explored</a> the prospects of the emergent altcoin cycle and delved into the potential risks and gains that this new phase could bring.</p> 
<h2 class="wp-block-heading" id="strong-altcoin-cycle-awakening-risk-vs-gain-strong"><strong>Altcoin Cycle Awakening: Risk vs. Gain</strong></h2> 
<p>Ivan highlighted that while many investors are still inactive, a discernible shift is taking place in the altcoin market. He emphasized that even though taking positions doesn’t necessarily mean going all in, dramatic pullbacks or substantial dumps are still likely to occur.&nbsp;</p> 
<p>A short-term bullish trend followed by a decline is within the realm of possibility, yet he insists, echoing Chris Brunski’s prediction, that a 20-40% decline in quality crypto assets might be the final chance before the actual altcoin party kicks off by next year into 2025.</p> 
<p>However, the expert cautions that the price from which the decline starts is an important consideration, whether it’s from current prices or a potential peak, or any other level.</p> 
<h2 class="wp-block-heading" id="strong-crypto-volatility-a-tale-of-rising-and-falling-strong"><strong>Crypto Volatility: A Tale of Rising and Falling</strong></h2> 
<p>Ivan predicts the market will continue to show high volatility, with the potential for substantial gains and losses. Ivan gives an example scenario in which Bitcoin breaks out from a current price of $30,494, pumps to around $44,000, and then drops back to retest.</p> 
<p>This, he suggests, could qualify for the expected 25-30% fall, depending on where it halts. In this scenario, Bitcoin might be the first to move, followed by altcoins moving in larger waves.</p> 
<h2 class="wp-block-heading" id="h-the-federal-reserve-s-role-a-balancing-act"><strong>The Federal Reserve’s Role: A Balancing Act</strong></h2> 
<p>Addressing the elephant in the room, Ivan talks about the crucial role of the Federal Reserve, particularly concerning the US debt and its interest payments, which have nearly doubled in the past few years from 500 billion to 1 trillion per year.&nbsp;</p> 
<p>He asserts that the Fed will likely start printing money again to keep the government afloat. This move, while aimed at rescuing the economy, will also indirectly aid our market, according to Ivan.</p> 
<p>While remaining broadly optimistic, Ivan also shared some concerns about Binance, including potential issues with Bitcoin Cash withdrawals. However, he also commended Binance for handling recent criticisms well and continuing to operate as usual.</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">
 <div class="wp-block-embed__wrapper"> <iframe title="BREAKING: BINANCE WILL PUMP ALTCOINS IN JULY!!! Most still don't see this..." width="1220" height="686" src="https://www.youtube.com/embed/q7B0CjODYjc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
 </div>
</figure>

Crypto Market Outlook: Famous Analyst Forecast A Massive Altcoin Cycle Coming Soon

Table of Contents

CoinPedia News

Other articles published on Jul 11, 2023

Multichain Attacker Withdraws Additional $117 Million, Fueling Concerns

The Rise of Cryptocurrency in the Luxury Sector: Exploring Its Impact on Real Estate, Luxury Trav...

PwC report: Insurance is one of the key challenges for Crypto custody market valued at $447.9 bil...

Voyager Digital Witnesses Massive Outflow as Creditors Withdraw Over $250M in Funds

Arkham is allegedly privacy trafficking, crypto reporter claims

Crypto Exchanges LBank, DigiFinex List Meme Coin $NOVA

Join our free newsletter for daily crypto updates!