- Financial expert shares prediction on how the price of crypto assets will surge.
- The coming days and weeks ahead could see bullish activity.
- Analyst believes the long-awaited altseason could arrive soon.
Crypto community members and leaders share their frustration and disappointment over how the month of October ended without a parabolic pump as many expected. With what was supposed to be an uptomber or pumptomber turning crashtomber, a financial expert shares prediction on how the price of crypto assets will surge in the days ahead. Other analysts chime in with opinions of their own.
Financial Expert Shares Prediction on How the Price of Crypto Assets Will Surge
The crypto community has been frustrated over the pace of crypto price assets running in the last few days, especially over crypto asset performances for the month of October. At the moment, sentiments are quite low and analysts are mostly forecasting a bear market reversal, meaning the price of Bitcoin (BTC) could fall to the $66,000 price range, and some analysts expect $55,000 BTC price over the next few month.
As we can see from the post above, this analyst believes that October’s performance was immensely disappointing, but this does not mean altseason cannot take off. He says that despite altcoin prices being down over 70%, he has survived being 95% down on altcoins and has still managed to bounce back during market pumps, because when the market pumps, it pumps hard.
The analysts say that market manipulations aren’t new, and they’ve seen similar market plays try to push out traders from the market arena since 2015. Higher targets always arrived after these market flushes, which is why the analyst brings up the crypto market pumps of 2017 and 2021, and expects new ATH prices for altcoins when the inevitable altseason phase arrives.
Crypto Assets Set to Surge in the Days Ahead
Thus, the analyst concludes that as the crypto market heads into November and December, Leverages have been wiped out and panic sellers are shaken out. Now, the market looks forward to watching several bullish aspects like the US-China trade deal concluding, more Fed cut rates, QT ending and QE starting, US stocks hitting ATHs, and Gold price topping. So, all the factors could indicate that liquidity is about to flow into risk assets like Bitcoin and crypto.
Similarly, another analyst points out how so many bullish aspects are in play, like the GENIUS Act and countries setting up crypto reserves. Without all these bullish moves in play, crypto prices pumped exponentially last bull cycle, so logically, this cycle should still see pump greater price pumps in the coming weeks and months ahead. The analyst concludes by saying that with the market in fear phase, a pump is highly likely.
