Analyst: We are Eight Weeks Away From the Next Altcoin Rally

Published 21/07/2023, 13:01
Analyst: We are Eight Weeks Away From the Next Altcoin Rally

  • Ran Neuner warns that investors have under eight weeks to buy their favorite altcoins.
  • The Crypto Banter host notes that Bitcoin is trading in an area of interest to watch out for.
  • According to Neuner, Bitcoin must surpass significant levels for a bull run to begin.

Crypto analyst Ran Neuner warns that investors have under eight weeks to buy their favorite altcoins. According to Neuner, Bitcoin is trading in an area of interest to watch out for, where he expects the price to pull back before bouncing off horizontal support.

An extensive analysis of the overall crypto market accompanied Neuner’s altcoin market prediction. The Crypto Banter YouTube channel host observed Bitcoin is in a consolidative movement and may continue in a sideways direction for a few more weeks.

Bitcoin must surpass significant levels for a bull run to begin, according to Neuner. The closest of such is the $32,000 Bitcoin price mark. He notes that despite the overbought sentiment existing in the Bitcoin market, things could change very quickly. However, he noted that the market will become more risky when the price approaches the existing all-time high levels.

Neuner belie…

The post Analyst: We are Eight Weeks Away From the Next Altcoin Rally appeared first on Coin Edition.

The post Analyst: We are Eight Weeks Away From the Next Altcoin Rally appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.