Experienced Cryptocurrency Analyst Gert van Langen Be bullish on altcoins and predict that altcoin season is about to begin. vanlangen says The altcoin successfully retested the 0.618 Fibonacci level this week.
In addition, other Top Cryptocurrency Analysts Confirming the bullish sentiment on altcoins and predicting that they will rebound in the coming weeks.
Top Cryptocurrency Analysts Predict Cumulative Market Cap Will Reach $2.3 Trillion
Copycat season begins.
This week successfully retested the 0.618 Fibonacci level.
I believe that when the 1.618 bear market continues, the cumulative market cap of altcoins reaches $2.3 trillion, while Bitcoin USD At $200,000, the value is about $4 trillion.
Everything was completed within a few weeks. pic.twitter.com/5w8J8pxuFs
— Gert van Lagen (@GertvanLagen) March 20, 2024
According to van Lagen analyzethe altcoin season will start in a few weeks and reach the accumulation market Cap value $2.3 trillion. He also believes that if the altcoin rebounds to the 1.618 Fib level, Bitcoin’s market cap will rise to around $4 trillion, with the price range reaching $200,000.
Another top cryptocurrency analyst and trader, el_crypto_prof, shares this bullish sentiment. The analyst said some people thought the bull market was over before it even started. He highlighted a golden cross on the altcoin’s monthly chart, which is a strong bullish sign.
Furthermore, he famous The Relative Strength Index (RSI) indicator is not yet above 70.Therefore, altcoins Prices may rise in the coming weeks.
Some people claim that the bull market is over even though it hasn’t really started yet, haha.
-The Golden Cross of Gooner EMA (altcoin monthly chart) finally happened recently✅
-RSI is not even >70.👀Oh my gosh, it looks much higher to me. pic.twitter.com/5YWjdAIvJy
— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖🧲 (@el_crypto_prof) March 20, 2024
Additionally, el_crypto_prof point out Many traders will make life-changing money Over the next few months; he Said it would be the biggest The Cryptocurrency Bull Run Since 2017, All dips are potential buying opportunities.
I can’t often say:
Over the next few months, I think many people will make life-changing money. The biggest wave since 2017 may be coming. 🔥
I’ve more or less nailed down the bottom, now my job is to nail down the top. 🎯
In my opinion, all dips will be buying opportunities.
— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖🧲 (@el_crypto_prof) March 21, 2024
medium sizeMeanwhile, another top analyst and chartist, Ali Chartusing Solana as a case study to support the altcoin season theory.
according to Alithe sell signal on Solana’s daily chart has reversed, suggesting a bullish outlook for SOL. Therefore, he foresee SOL repeated its historical price performance from December 2023, when it reversed a sell signal and rallied to 70%.
What is supporting the rise of altcoins?
According to the post X According to EarnBIT, the cryptocurrency is currently on a wild ride thanks to inflows into spot Bitcoin ETFs.
In addition, there is another guess that possible approval The launch of the ETH ETF in May 2024 is boosting the performance of altcoins. In addition, new Altcoins are launching On the market, they are useful in different fields.
according to el_crypto_profOne of the strongest narratives in the cryptocurrency space is artificial intelligence (AI), and several projects are already promoting this technology. also, Federal Reserve’s The recent policy meeting’s decision to maintain current interest rates has been positive for Bitcoin and altcoins.
After a sharp decline in the cryptocurrency market over the past week, altcoins are starting to rebound again. according to Another well-known analyst, this Street full of wolvesCurrently, the cryptocurrency market is rebounding and the bottom of the rebound has been found.
This means that the altcoin will continue to rise and form higher lows on the charts.
Although the overall outlook for altcoins is promising, guess There are reports in the market that the Ethereum Foundation is under investigation by an unnamed national agency. If these reports are ultimately confirmed, it could lead to FUD in the market, affecting prices.
However, the cryptocurrency market remains relatively stable For Bitcoin and altcoins.
