Altcoins to the Moon? Analyst Predicts Two Phases for Altcoins: Ongoing Rally Until September Followed by Potential Bitcoin Surge Towards All-Time Highs

OnCryptoBanter'sTheSniperTradingShow,theesteemed analystopenedupabouttheshort-termoutlookforBitcoin.Hesaidthatthecoinmayaimforthe

Acryptoanalyst on CryptoBanter’s The Sniper Trading Show has shared his short-term outlook for Bitcoin and altcoins. According to the analyst, BTC might aim for the $**62,000 to **$63,000 range. He noted that any break above $**62,000 could push it toward the **$65,000 level. If BTC closes above these levels this week, it would be a strong sign. However, there’s also a chance that Bitcoin might retest its recent lows, potentially dropping to the $**56,000-**$57,000 range before bouncing back. The analyst also highlighted the current opportunity in altcoins, noting favorable conditions with many coins being oversold against Bitcoin. During these movements, Bitcoin dominance is expected to decrease, which could benefit altcoins. The analyst explained that, with the recent pullback being Bitcoin-focused, altcoins showed resilience, breaking their short-term trends. This suggests a bullish outlook for the next few days, although longer-term trends will depend on where Bitcoin closes the week. Altcoins to the moon? According to the analyst, altcoins might experience minor pullbacks but are likely to see further gains soon. He noted that Bitcoin dominance is losing support, which could indicate a possible continued drop. These movements usually favor altcoin performance. If dominance and other indicators remain bearish, altcoins might revisit their prices from four weeks ago. The analyst then went on to discuss top-performing altcoins like Injective, Chainlink, Solana, ADA, and NEAR in comparison to Bitcoin. He explained that many altcoins, including INJ and Chainlink, show signs of recovery after being oversold against Bitcoin. This could lead to them outperforming Bitcoin in the coming weeks. He also brought attention to strong performers like SOL, which is forming a bullish weekly candle. Regarding the market outlook, he predicted two phases for altcoins: an ongoing rally until September, followed by a potential Bitcoin surge towards all-time highs. He also mentioned strong sentiment towards Ethereum, particularly in ETH pairings, and highlighted Theta as a standout for its bullish setup.

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