{"id":630896,"date":"2024-07-22T17:00:51","date_gmt":"2024-07-22T17:00:51","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=630896"},"modified":"2024-07-22T11:07:31","modified_gmt":"2024-07-22T11:07:31","slug":"analyst-bitcoin-altcoins-rally","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/altcoin\/analyst-bitcoin-altcoins-rally\/","title":{"rendered":"Don\u2019t Get Shaken Out, Analyst Says Bitcoin And Altcoins Rally Is Just Starting"},"content":{"rendered":"

The crypto market is again all shades of green, with <\/span>Bitcoin<\/span> and <\/span>altcoins<\/span><\/a> enjoying significant rallies. <\/span>Crypto analyst Capo of Crypto<\/span><\/a> has provided further optimism, suggesting that these tokens will still make more massive moves to the upside.<\/span><\/p>\n

\u201cThe Best Is Yet To Come\u201d For Bitcoin<\/h2>\n

Capo of Crypto opined in an X (formerly Twitter) <\/span>post<\/span><\/a> that the \u201cbest is yet to come\u201d for Bitcoin and altcoins. He noted that Bitcoin is pumping, having reclaimed the <\/span>$60,000 range<\/span><\/a> as support. The crypto analyst added that altcoins also seem to have found their local bottom, meaning they are well-primed for massive rallies to the upside.\u00a0<\/span><\/p>\n

Related Reading: Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses?<\/a><\/div>\n

With Bitcoin also back above $65,000, it seems that it is just a matter of when and not if before the flagship crypto reclaims the <\/span>$70,000 range<\/span><\/a>. Capo had previously mentioned that reclaiming the $65,000 level would be the next bullish confirmation for the flagship crypto. The analyst added that the market should expect high prices once that happens.\u00a0<\/span><\/p>\n

\"bitcoin
Source: X<\/figcaption><\/figure>\n

As to how Bitcoin could rise, Capo stated that the main target would be the liquidity zone between $74,000 and $76,000. Bitcoin rising to these price levels would mark a new <\/span>all-time high (ATH)<\/span><\/a> for the flagship crypto. Crypto analyst Rekt Capital shared a similar sentiment with Capo, <\/span>suggesting<\/span><\/a> that Bitcoin\u2019s successful retest of the $65,000 resistance level would send it back above $70,000.\u00a0<\/span><\/p>\n

Bitcoin rising back above $70,000 is believed to be where the real fun begins, as crypto analysts like <\/span>Michael van de Poppe<\/span><\/a> had previously mentioned that the <\/span>bull run<\/span><\/a> will continue once the flagship crypto is back above this price level. <\/span>Crypto analyst Crypto Kaleo<\/span><\/a> had also recently advised market participants not to get shaken out. He <\/span>stated<\/span><\/a> that the market is still heading \u201cway higher\u201d and that a little more patience is needed before the \u201cfun really starts.\u201d<\/span><\/p>\n

\u201cHuge\u201d Altcoin Season Is Brewing<\/h2>\n

Crypto analyst Mkybull Crypto<\/span><\/a> stated in an <\/span>X post<\/span><\/a> that a huge altcoin season is brewing. He claimed that this cycle might be similar to the explosive <\/span>altcoin season<\/span><\/a> rally in 2017, as altcoins’ current price action shares a similar price action to that period. Mikyull Crypto added that the fakeout made many believe the altcoin season for this cycle had been written off but suggested that isn\u2019t the case, as something similar happened in the <\/span>2016 post-halving cycle<\/span><\/a>.\u00a0<\/span><\/p>\n

Related Reading: CBOE Global Markets Lists Spot Ethereum ETFs, Confirms Launch Date<\/a><\/div>\n
\"altcoins
Source: X<\/figcaption><\/figure>\n

Interstingly, Capo <\/span>stated<\/span><\/a> that he is most bullish on altcoins. He alluded to the <\/span>Spot Ethereum ETFs<\/span><\/a>, which are expected to begin trading this week. Crypto analysts predict that these funds could spark a massive rally for Ethereum and altcoins, by extension, which could help usher in the altcoin season as they <\/span>outperform Bitcoin<\/span><\/a>.\u00a0<\/span><\/p>\n

\"Bitcoin
BTC price holds $67,000 | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The crypto market is again all shades of green, with Bitcoin and altcoins enjoying significant rallies. Crypto analyst Capo of Crypto has provided further optimism, suggesting that these tokens will still make more massive moves to the upside. \u201cThe Best Is Yet To Come\u201d For Bitcoin Capo of Crypto opined in an X (formerly Twitter) post that the \u201cbest is yet to come\u201d for Bitcoin and altcoins. He noted that Bitcoin is pumping, having reclaimed the $60,000 range as support. The crypto analyst added that altcoins also seem to have found their local bottom, meaning they are well-primed for massive rallies to the upside.\u00a0 Related Reading: Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses? With Bitcoin also back above $65,000, it seems that it is just a matter of when and not if before the flagship crypto reclaims the $70,000 range. Capo had previously mentioned that reclaiming the $65,000 level would be the next bullish confirmation for the flagship crypto. The analyst added that the market should expect high prices once that happens.\u00a0 As to how Bitcoin could rise, Capo stated that the main target would be the liquidity zone between $74,000 and $76,000. Bitcoin rising to these price levels would mark a new all-time high (ATH) for the flagship crypto. Crypto analyst Rekt Capital shared a similar sentiment with Capo, suggesting that Bitcoin\u2019s successful retest of the $65,000 resistance level would send it back above $70,000.\u00a0 Bitcoin rising back above $70,000 is believed to be where the real fun begins, as crypto analysts like Michael van de Poppe had previously mentioned that the bull run will continue once the flagship crypto is back above this price level. Crypto analyst Crypto Kaleo had also recently advised market participants not to get shaken out. He stated that the market is still heading \u201cway higher\u201d and that a little more patience is needed before the \u201cfun really starts.\u201d \u201cHuge\u201d Altcoin Season Is Brewing Crypto analyst Mkybull Crypto stated in an X post that a huge altcoin season is brewing. He claimed that this cycle might be similar to the explosive altcoin season rally in 2017, as altcoins’ current price action shares a similar price action to that period. Mikyull Crypto added that the fakeout made many believe the altcoin season for this cycle had been written off but suggested that isn\u2019t the case, as something similar happened in the 2016 post-halving cycle.\u00a0 Related Reading: CBOE Global Markets Lists Spot Ethereum ETFs, Confirms Launch Date Interstingly, Capo stated that he is most bullish on altcoins. He alluded to the Spot Ethereum ETFs, which are expected to begin trading this week. Crypto analysts predict that these funds could spark a massive rally for Ethereum and altcoins, by extension, which could help usher in the altcoin season as they outperform Bitcoin.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":630929,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85876,5651],"tags":[134,138,142,89606,167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-630896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","category-bitcoin","tag-altcoin","tag-altcoin-news","tag-altcoins","tag-altcoins-news","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nDon\u2019t Get Shaken Out, Analyst Says Bitcoin And Altcoins Rally Is Just Starting<\/title>\n<meta name=\"description\" content=\"The crypto market is again all shades of green, 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Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/shenyangcang.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Don\u2019t Get Shaken Out, Analyst Says Bitcoin And Altcoins Rally Is Just Starting","url":"http:\/\/shenyangcang.com\/altcoin\/analyst-bitcoin-altcoins-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/altcoin\/analyst-bitcoin-altcoins-rally\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/07\/Bitcoin-rally.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/07\/Bitcoin-rally.jpeg?fit=1792%2C1024"},"articleSection":"Altcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","altcoin news","altcoins","altcoins news","analyst","bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto","crypto analyst","crypto news"],"dateCreated":"2024-07-22T17:00:51Z","datePublished":"2024-07-22T17:00:51Z","dateModified":"2024-07-22T17:00:51Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Don\\u2019t Get Shaken Out, Analyst Says Bitcoin And Altcoins Rally Is Just Starting\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/altcoin\\\/analyst-bitcoin-altcoins-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/altcoin\\\/analyst-bitcoin-altcoins-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Bitcoin-rally.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Bitcoin-rally.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Altcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"altcoin news\",\"altcoins\",\"altcoins news\",\"analyst\",\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2024-07-22T17:00:51Z\",\"datePublished\":\"2024-07-22T17:00:51Z\",\"dateModified\":\"2024-07-22T17:00:51Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/07\/Bitcoin-rally.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/630896"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=630896"}],"version-history":[{"count":0,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/630896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/630929"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=630896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=630896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=630896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}