The cryptocurrency market is thriving, with both Bitcoin and altcoins seeing significant rallies. Adding to the optimism, well-known crypto trader Captain Faibik suggests that a major altcoin surge is on the horizon, similar to the trends observed in early 2024.
Captain Faibik believes we’re about to witness a major altcoin rally, echoing the performance seen earlier this year. In a recent tweet, he encouraged investors to keep buying and holding onto altcoins, as this strategy might soon bring great rewards.
However, Faibik’s analysis suggests that many altcoins have already reached their lowest prices and are poised to break out. He is particularly optimistic about the next couple of months, predicting that August and September will be “epic” for altcoin growth.
This prediction comes at a crucial time with the upcoming US presidential election. With Donald Trump, a known supporter of cryptocurrencies, possibly running for office, some believe that altcoins and Bitcoin could see major gains during his presidency.
Capo of Crypto echoes this positive outlook, stating that the best is yet to come for Bitcoin and altcoins. He notes that Bitcoin has regained support at around the $61K mark, showing strong bullish momentum. He also observes that altcoins seem to have hit their local lows, setting the stage for potential rallies.
Capo also points to the launch of Spot Ethereum ETFs as a potential game-changer. These ETFs could attract new investment into altcoins, potentially leading to a big rally for Ethereum and other cryptocurrencies. Analysts believe this could spark an “altcoin season” where altcoins outperform Bitcoin.
Also Check Out: Bitcoin Bull Run Activated: ‘Buy Signal’ Triggered For The First Time In 12 Months—Will It Reach $100K?
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