- Analyst Ansem stated that BTC and SOL might continue sideways consolidation.
- Ansem sees no bullish move before the end of Q3/Q4.
- The analyst said he isn’t a believer in the theory that the market has already topped.
Crypto analyst Ansem predicts a sideways summer for Bitcoin and Solana, with potential opportunities arising in the altcoin market.
The analyst’s insights, shared on X (formerly Twitter), highlight the diverse movements of different cryptocurrencies and the importance of identifying strong narratives for potential outperformance.
this may be helpful for people to see different altcoin charts & where we are currently atcharts like 1) 2) $BTC $SOL – have not broken beneath March lows, can still make argument for sideways consolidation before next leg up
3) $AVAX (most alts) breaking down beneath March… https://t.co/AwFwzg6cip pic.twitter.com/EtV4A1YToV
— Ansem (@blknoiz06) June 18, 2024
Ansem said that Bitcoin and Solana (SOL) have not broken below the highs seen in March, which suggests the possibility of “sideways consolidation before the next leg up,” while Avalanche (AVAX) and other altcoins have broken down below the March high…
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