“Cryptocurrency Coming Soon” – Analyst Predicts Altcoins Rally, Reveals Top Target of the Cycle in terms of Cryptocurrency Market Cap
One widely followed trader who reached the top of the 2022 cryptocurrency bull market believes the altcoin market is poised to spark a bull run.
The pseudonymous analyst Bintoshi tells his 843,900 followers on the social media platform
According to Bentucci, the “others” are Flashing A bullish continuation signal as it threatens to take out the final resistance at around $500 billion.
“Say what you will, but the alternatives look great as a whole here.
Bull flag/consolidation above previous highs from last year.
“Signs coming soon.”
Traders watch the OTHERS chart to get a broad idea of how the altcoin markets are performing. Meanwhile, a bull flag usually indicates that the asset is taking a breather before igniting a new leg higher.
At the time of writing, OTHERS stock is trading at $362.22 billion.
Pentoshi also closely monitors the TOTAL chart, which tracks the market capitalization of all crypto assets excluding stablecoins. Merchant He predicts TOTAL could rise at least 18% from current levels but could achieve gains of up to 88% before the cryptocurrency bull market comes to an end.
The overall bullish chart indicates that the value of Bitcoin (BTC) and altcoins is rising.
“I think we’re at $4.2 trillion – $6.7 trillion right now. I’ll narrow it down more later. But the first target is $4.2 trillion.”
At the time of writing, TOTAL is trading at $3.553 trillion.
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