Happel and Allemann added that BTC’s parabolic rally would be driven by a "strong altcoin undercurrent,” predicting that the altcoin season could occur soon enough. The Glassnode co-founders could get their wish of Bitcoin dropping to $37,000 before hitting a new ATH as crypto Zoran Kole recently predicted an imminent price crash for the flagship crypto.
This could lead to the parabolic uptrend, which the analyst had previously mentioned is the next stage of the halving cycle. Related Reading: Analysts Kick Against Cardano Recovery, Says ADA Price Is Destined For 33% Crash In another X post, Rekt Capital indicated that it was important for Bitcoin to close this month above the quarterly level at $58,800.
The Glassnode co-founders won’t hesitate to buy the dip as they are confident about Bitcoin reaching a new all-time high (ATH) in this market cycle. Related Reading: Super Guppy’ Indicator Shows XRP Is Ready For A Surge To $99 In an earlier X post, they stated that Bitcoin’s next run-up to $70,000 will likely see it break its current ATH of $73,000, reached in March earlier this year.
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