cryptocurrency just like investors ETF It is going through a period similar to the days when it went through the approval process. What will happen is clear and what was expected has not happened yet. Trump’s inauguration on January 20, that is, 17 days later, is like this for cryptocurrencies. Moreover, historical data shows that we have now entered the fourth phase of cryptocurrencies.
Altcoin Bullish Begins
Analyst with the pseudonym Z3usCrypto cryptocurrency It warns investors about what will happen by focusing on the historical data highlighted by the expert. What is approaching is the long-awaited bull period in altcoins, according to historical data. We can’t quite feel it yet because for months the ETH price has lingered around $3,500, with some deviations.
Sharing the chart above, Z3usCrypto wrote that the first three stages have been completed and that the process we are experiencing is compatible with previous cycles.
“If you just look at some simple metrics, all these patterns of Accumulation – Hype and Reaccumulation suddenly fall into place.
The game becomes very open. We can state the following:
Altcoins peak before halving and fall afterwards
The second phase is the initial reaccumulation phase.
The third phase represents the peak after the halving, with a short and slight correction.
The fourth phase we are in is altcoin bull It represents the period in which it happened.”
Cryptocurrencies Latest Status
second popular cryptocurrency analyst It explains where we are at by focusing on the usual indicators. Crypto Columbus is happy with the recent higher low. Although he predicts a new local peak above $98,000, he sees a reasonable scenario for the price to bottom out again around $89,000 with the arrival of macroeconomic data soon.
If BTC If it remains strong, we will see more convincing closes that long-standing signs of weakness are beginning to end. Thus, BTC can target all-time record levels again. Moreover, closings above $ 96,000 also heal the wounds in altcoins. While SOL Coin regained $212 as expected, ADA Coin returned to $1.07. XRP Coin maintains $2.38.
Closing of major cryptocurrencies at significant levels according to market value indicates that the risk appetite in altcoins has increased and is positive.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
