Crypto analyst Cody Buffington predicts the coming altcoin season, citing online data and market trends as key indicators. According to Buffington, the current fall in the price of Bitcoin is testing investor sentiment, since fluctuations in the price of BTC near the support level may affect the direction of the market.
The expert emphasized the bearish trend of Bitcoin, noting that it pushed the main cryptocurrency below several moving averages. Consequently, demand for BTC is experiencing a temporary decline, and Bitcoin whales are slowing down their transaction activity. His opinion coincides with the position of analysts from Santiment, who claim that investors in general have become wary of investing in Bitcoin and lost interest in it when the price fluctuated between $66,000 and $65,000. Such extended FUD levels are rare, but BTC trader fatigue combined with the accumulation of crypto whales can lead to significant rebounds. Focusing on altcoins, Buffington highlighted the current weakness in the market, adding that analysts believe this could be the last correction before capital returns to the altcoin market. Buffington recalled that the last time the market turned around after a fall, some altcoins rose by 300–650%.#Solana #Notcoin #NOT🔥🔥🔥 #BONK🔥🔥 #pepecoin🐸
