- Crypto experts foresee a potential altcoin rebound with the upcoming Bitcoin halving.
- Binance CEO expects multiple all-time highs in the year following the Bitcoin halving.
- Yet, some expressed skepticism about predicting future market events with the past.
While significant altcoins like Ethereum (ETH), XRP, and Solana (SOL) are wallowing in substantial losses, expert figures in the crypto community now see a potential trend reversal amid the looming Bitcoin halving.
In a recent post on X (formerly Twitter), Stockmoney Lizards, a prominent pro-Bitcoin analyst, asserted that a familiar pattern is emerging within the alternative cryptocurrency landscape. According to his analysis, the forthcoming Bitcoin halving event is expected to exert substantial pressure on altcoin breakout trends for a bullish outcome.
#Altcoins pattern reloaded.Bitcoin halving will put pressure on the breakout. pic.twitter.com/m7LCNBQKk1
— Stockmoney Lizards (@StockmoneyL) October 2, 2023
In support of his claim, Stockmoney Lizards shared a historical chart detailing the price patterns of the overall altcoin market cap. Specifically, the chart compared the altcoin market cap brea…
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