A well-known crypto analyst who’s made accurate Bitcoin predictions in the past believes July could mark the start of a strong rally across digital assets.
The pseudonymous trader known as Pentoshi stated that he’s seeing renewed momentum in the crypto space, fueled by favorable macroeconomic conditions and progress on regulation.
He dubbed the new month “Jubilant July,” citing bullish developments like stablecoin legislation advancing and stronger links between crypto and traditional finance.
He emphasized that the current market structure for Bitcoin and equities remains bullish, pointing to repeated recoveries following periods of fear and uncertainty. With the U.S. discussing potential interest rate cuts and fiscal expansion, Pentoshi argues the stage is set for renewed market growth.
According to him, Bitcoin’s ability to shrug off negative news and continue trending upward is a clear sign of strength. He also believes the broader altcoin market is gaining traction, as measured by the “OTHERS” chart—an index tracking smaller-cap cryptocurrencies.
Pentoshi forecasts that altcoins could push the chart’s total market cap toward $400 billion, suggesting the sector has room to rally.
He notes that many altcoins look healthier now than in months past and suggests last week’s lows may serve as reliable support as momentum builds.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/crypto-strategist-predicts-bullish-breakout-for-bitcoin-and-altcoins-in-july/