• $TAO below $300
• $SOL below $150
• $NAKA close to $1
• $RENDER around $5
• $RIO holding at 70 cents
These low prices on major altcoins are catching everyone's eye.
But what's next for the market? Could a rate cut in September 2024 be the spark that ignites the next leg up? 📈
Remember when rate cuts happened in March 2020 during the Covid crash? Bitcoin soared from $6K all the way to $60K, bringing a 10X return for those who held on.
But let’s be realistic: expecting another 10X from here is a stretch.
The market has matured, and the circumstances are different. Yet, a major trend shift is still on the table.
If we see rate cuts next week, it could fuel a fresh wave of capital into Bitcoin and the entire asset market.
That’s why watching key levels on BTC and major alts is more crucial than ever.
Bitcoin could be gearing up for its next significant move. The liquidity injection from potential rate cuts might just be what the market needs to regain its momentum.
While it might not be another parabolic rally like 2020, we could be entering the early stages of a new uptrend.
Don’t sleep on this one.
With altcoins at bargain prices, this could be a great accumulation phase for those positioning themselves for the next leg up.
What do you think? Is the market about to wake up
#CryptoMarketAnalysis #bitcoinnextmove #CryptoBullRun #BinanceLaunchpoolHMSTR
