Two analysts share their expectations for what’s next for BTC and altcoins.
Bitcoin still has two more phases to move past before new ATHs can arrive.
The euphoria phase of the crypto market is yet to arrive this ongoing crypto bull cycle.
With Bitcoin (BTC) still moving in a steady sideways movement, crypto analysts and seasoned traders are looking closely at the charts to predict what to expect next, when will BTC hit its next high for the ongoing bull cycle?
Bitcoin Has 2 More Phases Before ATHs Arrive
According to two analysts Bitcoin and the crypto market have a couple more phases to wade through before the parabolic ATH crypto market tops come into play. These two analysts believe that everything is ready for a phenomenal bull run phase.
https://twitter.com/CryptoCon_/status/1826655142898225214
As we can see from the post above, there are still two more phases left to go in what he expects to be a near-perfect Bitcoin (BTC) RSI Bollinger Band % phases. He marks how all cycle tops have come on the fifth move over the .99% value line and so far, only three have been completed this crypto bull cycle.
This observation includes November 2021 where almost no indicator was able to call the cycle top. Moving on, he says that phase four is when the true break for ATHs will come through. Finally, he talks about the cycle top.
The analyst says the cycle top is not here yet and the long sideways/correction period we have seen so far is only a product of the most powerful mid-cycle move ever. Meanwhile, another analyst shares his take.
https://twitter.com/QuintenFrancois/status/1826828672705151092
According to this analyst, the euphoria phase of this ongoing crypto bull cycle has not arrived yet. He highlights four factors that have perfectly set up for Q4 2024 and 2025 to pump the price of Bitcoin (BTC). These factors are the US elections, the global liquidity cycle reaching breaking point, FTX re-distribution of $16 billion to creditors, and growing institutional interest and adoption.
The post Bitcoin Has Two More Phases to Enter Before Euphoria Phase Sets in, Multiple ATHs Expected Across Crypto Market appeared first on Crypto News Land.
