The crypto market has experienced a correction in the few days, causing widespread speculation about the end of the current bull cycle. ParabolicPump, a crypto analyst, argues that this perception is misguided. According to him, the real bull run has yet to commence, and the current phase presents an excellent opportunity for re-accumulation.
The Misconception of the Bull Run’s End
ParabolicPump strongly refutes the claim that the crypto bull run is over. He asserts that what we have witnessed is merely a typical correction within a broader bull market. He explains that this correction naturally occurs as part of the market cycle and should not indicate the end of the bull run.
According to ParabolicPump, the market corrected because the price faced rejection at a key resistance level, referred to as “target 1.” He anticipated this rejection, considering it a normal event in market dynamics.
Re-Accumulation: A Golden Opportunity
ParabolicPump emphasizes that the current re-accumulation phase is a gift for investors. For those who missed the earlier macro accumulation phase, now is an opportune moment to buy. He encourages investors to be patient, hold onto their altcoins, and consider buying the dip if they have additional capital.
Looking forward, ParabolicPump predicts that once the price finds acceptance above target 1, it will likely experience a rapid increase to target 2. This movement will make the market turbulence a distant memory. Beyond target 2, he foresees the onset of significant parabolic pumps for altcoins, signaling the true start of the bull run.
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Bitcoin Dominance and Altcoin Performance
ParabolicPump also highlights the importance of Bitcoin dominance in understanding market trends. He notes that Bitcoin dominance is in the process of topping out, indicating that altcoins have not yet reached their optimal conditions for thriving.
Once Bitcoin dominance begins to trend lower, the environment will become extremely favorable for altcoins, mirroring patterns observed in previous bull runs. The expert advises investors to stick to their plans, hold their positions, and remain patient. He believes that the next few months could bring life-changing financial opportunities.
By maintaining a disciplined approach and capitalizing on the current re-accumulation phase, investors can position themselves for gains in the forthcoming bull run.
ParabolicPump’s insights offer a different perspective on the market correction, emphasizing patience and strategic accumulation. His analysis suggests that the real bull run is yet to come, with the potential for substantial gains soon.
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The post Bitcoin (BTC) Topping Out: Top Analyst Predicts Major Altcoin Bull Run Ahead – Here’s His Outlook appeared first on CaptainAltcoin.