• Bitcoin is looking healthier during the current cycle than in the previous one.

  • The current cycle lacks “a dominating narrative.”

  • Meme coins might soon try to catch up with POPCAT’s massive gains.

The crypto market is due a rally and is showing signs of strength, as pointed out by Miles Deutscher, a crypto analyst and DeFi expert. Deutscher highlighted that the bearish performance of digital assets will result in investors taking “massive offside positioning,” pushing prices higher.

In a thread on X (formerly Twitter), Deutscher gathered bullish sentiment from across the platform, predicting a Q4 rally leading to a market top in 2025. He believes Bitcoin is in a healthier position than in the previous cycle and suggests “VC coins” (tokens backed by venture capital) could reach new highs soon.

8. Top altcoin performers since the local bottom (take notes). https://t.co/5YIroHErlq

— Miles Deutscher (@milesdeutscher) September 15, 2024

The Top Performers

Deutscher highlighted the top-performing sectors since the recent market low on September 6th. Infrastructure tokens, Layer 1 tokens, omnichain tokens, and Layer 2 assets are all showing bullish…

The post Crypto Market Shows Signs of Strength, Analyst Predicts Q4 Rally and 2025 Peak appeared first on Coin Edition.

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