Bitcoin

<ul><li>Anticipated altseason could push Bitcoin past $100K, driven by current extended market consolidation.</li><li>Key support at 580B and resistance at 800B in 2024 could determine the direction of the altcoin market.</li><li>Historical patterns suggest bearish sentiment often precedes significant altcoin rallies.</li></ul>The cryptocurrency market is on the cusp of what could be the largest altseason in history despite the current bearish retail sentiment. As highlighted by Nick | Crypto Crusader, an analyst, the 2018 dead cat bounce and the 2022 dead cat bounce can offer valuable insights into current price actions. In 2018, <a href="https://cryptotale.org/heres-why-bitcoin-dominance-remains-steady-at-55-altcoins-face-sharp-declines/" rel="noopener noreferrer nofollow">altcoins </a>began a notable rally after a period of stagnation similar to what is being witnessed now.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdqTOOUuVvE4txU2rGarQxLBcpuxcH4rC3iOvEXJw-e_5RsYXffiCaMFIvVENNfBWB61XhAjqftdFryLd_NEagzjGJ-s20docb_4qZWGT_Ik8RSHvAhQYrHMWNdQ_jzhb2LfvUe5VhIFlySt-cwOoC8iNw?key&#61;1_ql8K9xwvO53ttRLf84TQ" />Historically, altcoin sentiment during market consolidation phases tends to be pessimistic. This pattern is evident in the altcoin market behavior during 2020, where bearish sentiment was prevalent before a significant uptrend.The current market conditions reflect an extended consolidation phase, likely due to the higher market valuation compared to previous years. This extended range suggests that the next market movement could push <a href="https://cryptotale.org/altcoins-face-continued-decline-amid-strong-us-dollar/" rel="noopener noreferrer nofollow">altcoins</a> past their previous all-time highs, with Bitcoin potentially exceeding $100K.<a href="https://cryptotale.org/crypto-analyst-predicts-bitcoin-to-100k-is-the-largest-altseason-imminent/" rel="noopener noreferrer nofollow">Read more on CryptoTale</a><a href="https://cryptotale.org/whale-investor-shifts-250k-link-worth-3-72m-to-kraken-as-prices-fall-6/" rel="noopener noreferrer nofollow">.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Crypto Analyst Predicts Bitcoin to $100K: Is the Largest Altseason Imminent?

CryptoTale

Další články publikované 25. 6. 2024

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