Upcoming Quarter Looking Solid for Bitcoin and Altcoins, Says Analyst Kevin Svenson – Here’s His Outlook
Cryptocurrency analyst Kevin Svenson believes Bitcoin (BTC) and altcoins will witness big upside bursts for the rest of the year. In a new video, Svenson tells his 79,800 YouTube subscribers that Bitcoin and altcoins are poised for more gains over the coming weeks and months. According to Svenson, the altcoin market cap appears to be repeating a pattern witnessed in the last cycle, when it took 157 weeks before igniting a massive breakout rally. “The altcoin market cap has been consolidating for the entire year. In the beginning of 2024, the altcoins had a huge run into March, gave up all of their gains and now have started to recover. The altcoin market cap is beginning to break above resistance… Around 10 weeks from now, we’re going to be breaking the lower high [total altcoin market cap of $820 billion], which means a lot of altcoins have tremendous growth coming from now into November. So Q4 is looking solid for the altcoins and for Bitcoin for th...