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01/20 19:47

Expectations for altseason heat up despite growing

Expectations for altseason heat up despite growing anticipation for the bearish red month of September and its brutal correction that could lead to the price of Bitcoin falling below the $100,000 price range. In particular, altcoin Phala prepares to make bull run of over 701% in the coming altseason peak phase. Similarly, several altcoins are showing strong signs for a roaring altseason pump. Altcoin Phala Prepared to Make Bull Run of Over 701% The crypto market just saw BTC set a new ATH at the $124,000 price range, only to follow it up with a steep decline in market prices. In detail, the price of Bitcoin (BTC) fell to the $115,000 price range and instead of rallying, fell further to the $112,000 price range, adding fuel to the expectation of BTC price falling below the $110,000 price range to 5-digit prices in the coming bearish red month of September. Furthermore, during this dip, the price of Ethereum (ETH) fell from $4,700, just short of reclaiming its previous ATH price set in the $4,800 price range 4 years ago, to the price of $4,100 and has since been trading between the $4,200 and $4,300 price range. This shows ETH’s resilience and the fact that it has been steadily outperforming BTC, and continues to do so, makes analysts believe that the September won’t affect ETH price as much. In response, expectations for altcoins to perform in a superior manner compared to BTC in the coming weeks ahead grow momentum. However, most analysts know that BTC price sinking will bring down the entire market, but perhaps not as much for altcoins in this coming correction phase. Of course, most altcoins have been showing bullish signals on their price charts since before the bull run began, making new signals no less important.

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