What about Bitcoin? The next week or two will be dominated by altcoins!!!

Have you noticed? Altcoins seem to have gotten out of Bitcoin’s control

While Bitcoin is falling, altcoins are still on the rise, not paying any attention to Bitcoin

The altcoin market is showing signs of reversing its recent bearish trend, having plummeted from a peak of $1.26 trillion in March to a low of $960 billion on June 24.

As July has arrived, the market has seen a significant rebound, with the altcoin market up nearly 3% in the past few days, once again breaking through the $1 trillion mark, with a current market cap of $1.025 trillion.

The recovery in the altcoin market is closely tied to the simultaneous recovery of Bitcoin [BTC]. BTC has risen by about 2.7% in the past week, with prices fluctuating between $62,000 and $63,000.

We can clearly see that Bitcoin’s trading in this range indicates bullish momentum over the past 24 hours, such as the formation of a “pin candle”.

This pattern often hints at a potential bullish reversal. During the Sniper Trade Show, bulls pushed the price higher on the weekly and monthly closes. This indicates strong upward momentum.

Altcoins are expected to surge 40% this week

Altcoins, including well-known tokens such as Solana [SOL], have shown significant activity. Analyzing the Ethereum vs Bitcoin chart, it is clear that Ethereum’s value may see a trend reversal and recovery.  

Many altcoins show potential on longer timeframes. These tokens may soon surpass Ethereum and Bitcoin due to strong RSI levels indicating a bullish divergence.

Moreover, the overall sentiment in the cryptocurrency market seems to be shifting in the positive direction. Analysts highlight that the decline in USDT dominance indicates that the market bottom may be forming, paving the way for a significant rise.  

This sentiment is supported by strategic moves in tokens such as ADA, RUNE, INJ, LINK, FTM, Solana, and DOT, all of which are forming bullish patterns that may lead to a significant rise in price.

Strong performance in altcoins is predicted in the coming week, with an expected rise of 20-40%.

Despite our bullish stance on altcoins, I hold a more conservative view on Bitcoin, believing its price will gradually increase but not surge to $70,000 immediately.

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