Altcoins will rise by virtually 80% to 150% within the upcoming Bull Run! – Coinpedia Fintech Information
The crypto space is experiencing a huge roller coaster ride these days and the rise the day before was the phenomenal one. In the middle of the B-Word event, the Bitcoin price gained a remarkable boost and the other Altcoins were also above the level. Currently, the Ethereum price has risen with notable gains. However, the second half of 2021 is expected to be more fertile.
The crypto market is known to flow with BTC price and therefore a significant jump could ignite the altcoin market. Currently, the price is trying to break the immediately lower high above $ 33,000. And later, the rally above $ 35,000 appears imminent, which could spark the price towards $ 40,000. The price has to be kept above these levels and then the altcoins could rise by more than 80%.
If we look at the price history of #Bitcoin we can clearly see and determine that we are holding over $ 31,000.
If it stays that way and the market allows a higher low, I think we have hit a temporary low and will test $ 40,000.
This would result in #altcoins running 80-150% from here. pic.twitter.com/Zrpq8zOJvJ
– Michaël van de Poppe (@CryptoMichNL) July 22, 2021
Bitcoin price received some upward movement from the event. The price was pushed down to $ 32,600 and before it could make new highs, a strong rejection wick hampered the uptrend. Currently the price is trying to hold above $ 32,000 and to continue with bullish momentum the price needs to crack $ 33,000.
Despite a significant push, the price still failed to break the upper trendline and initiate consolidation. The rectangular box indicates crucial ranges that you have to hold on to in order to move forward. The altcoins like Ethereum (ETH), Cardano (ADA), Stellar (XLM), Polygon (MATIC), XRP, AAVE etc. and many more could see a number of double-digit gains in the coming days.