Crypto Bull Run 2024
Riding a rollercoaster of waves is being experienced in the market, but for a new player, it can be a fun ride. Whether you are holding coins at a loss, watching potential profits, or waiting for the right entry point, here’s what you need to know. Today, we will cover Bitcoin price predictions and the possibility of altcoin season and give you the top altcoin recommendations for riding through this exciting time.
Bitcoin Price Prediction and Crypto Market Analysis
We take a look at the weekly chart of Bitcoin; we have seen some rejections from previously identified resistance levels, but don’t worry. The RSI has been making interesting moves, climbing from 44 to 56 because Bitcoin pumped from $52,000 to $66,600. That’s an $8,000 increase. So if it corrects that much by $1,500-$2,000, that shouldn’t scare you.
We are getting a falling wedge on the charts. Usually, some resistance is seen when Bitcoin tries breaking out of this pattern. But if we have enough volume, we may see a confirmed breakout and push into the $78,000-$80,000 region.
For the short-term focused, Bitcoin comes in and lands on that old lower high or swing high on the 4-hour chart. Alone with the EMA and trend line, this may become the foundation for a long trade—place stop loss around $63,000, or roughly 2.2% away from the current price. Targets around take profits around $66,500 to $67,000.
Altcoin Season and Cryptocurrency Bull Run Expectations
So, continuing onto the potential altcoin season, here is one that’s pretty priceless given the opportunity for knowledge. This one entails the Bitcoin dominance chart. Historically, when Bitcoin gets rejected at its trend line or resistance and then begins trending down, normally an alt season or alt rally will pop out. It’s what we saw in 2018 and also in 2021, and that could be exactly what we’re preparing to see in 2024-2025.
What we are currently witnessing is Bitcoin dominance reacting off its trend line and a resistance zone. If dominance breaks below 57%, it is going to be one epic alt season in the coming months. Keep a close eye on this indicator, as it could signal some excellent altcoin opportunities.
Top Recommendations for this Crypto Bull Run 2024
1. Bitcoin (BTC)
For this Crypto bull run 2024, Bitcoin is the main masterpiece that would be the performer. Bitcoin holds around $61,000 for now in probably quite unstable conditions. Now that the week is closing off and the weekend is approaching, the big question is whether still yet more volatility is coming
The analyst reassures that even though it’s been a tough week with some of the gains made in the market being erased, the trend still dictates Bitcoin in a bearish pattern. That could translate to another pullback down possibly into the $60,000 area; however, he expects the next such move to be a “mega bounce.” It is focused on preparing for that pullback and key support zones to look for Bitcoin and altcoins.
In the short term, he expects another market flush before Bitcoin can make its next big move. Interestingly, he feels that although Bitcoin might take a hit, altcoins will either hold or make higher lows. He thinks capitulation will occur in Bitcoin, and the renewal of buying power would be tremendous.
From the current situation, it appears that Bitcoin tends to attract lower lows unless buying pressure is sufficient. On the other side of the equation, when buying power sets in, the market tends to rebound pretty rapidly, taking Bitcoin from its current area to $65,000 or more.
LIVE CHART OF BITCOIN CLICK HERE
2. ATOM (Cosmos)
Cosmos (ATOM) is a network of blockchains that solves some of the “hardest problems” facing the blockchain industry, touting an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols.
The progress underway in the Cosmos ecosystem, promising cross-chain interoperability, makes it an investment opportunity worth picking.
Currently, at $4.60, it would be a great entry point for both short-term trades and long-term holdings.
3. ADA – Cardano
Cardano is an upcoming proof-of-stake blockchain platform, which, according to its slogan, will enable “changemakers, innovators, and visionaries” to come up with good change in the world. Due to the fact that it is a coin of the Bitcoin ecosystem, ADA has been gaining momentum in the investment area.
The current developments and upgrades on this network make it an exciting opportunity for investors. This price around $0.25-$0.30 makes a good point for buying, while the following months will see an increase in price.
4. NEAR Protocol
NEAR Protocol has a good possibility of taking its place on the top in such a relevant category as AI blockchain projects. Considering all long-term perspectives, its current activities look very attractive for both short-term traders and long-term investors.
The price now, around $3.10-$4.00, can be an excellent accumulation point. NEAR Protocol has a great potential for more growth, mainly with further AI sector development.
5. TNSR (Tensor)
Tensor (TNSR) is a project focused on the Solana ecosystem in NFTs, specifically on trading. With its low market capitalization of about $44 million, this coin is extremely rewarding at the same time, with high risks.
At around $0.2480, Tensor might become a really interesting addition to any kind of diversified crypto portfolio. In this case, due to its relatively higher risk profile, it is preferable to invest a much smaller portion of the investment capital in this coin.
6. ARKM (Arkham)
Arkham is a project that uses real-world assets in its use cases. Thus, of course, it’s interesting to invest for the long term. It launched in a bear market, but the resilience and perhaps the growth of the coin make it a highly outstanding example.
At a $1.30 price point now, Arkham has great potential to jump heavily whenever there is another bull run.
TOP MEME COINS FOR THIS Crypto Bull Run 2024
7. Ethereum (ETH)
Easy to dream up 100x cryptos, but the reality is that the market cap needs to scale up the corresponding multiple. The chance that Ethereum will double by April is great, taking the market cap up to $600 billion. That isn’t pocket change. Ethereum price prediction goes all the way up to $6,600 by 2030, which can be described as simple five years from now. But if you can afford to spend time putting in, forgetting, the price prediction of Ethereum will hit as much as USD 34k by 2040.
8. Binance Coin (BNB)
With a maximum supply of 200 million and regular token burns, BNB has a deflationary mechanism that could drive long-term value appreciation. The Binance Smart Chain ecosystem also provides utility for the token.
10. Solana (SOL)
Preparations for the golden cross are on in SOL, a very important sign of a bullish trend that is coming and is realized when the 26-day exponential moving average is close to a value that exceeds the 100-day exponential moving average. What does that mean for SOL? Hike, perhaps a hike of about $157 in late September; Solana has fallen sharply and trades at $135.
There is a possibility that there may be a drift in sentiment into optimistic-cautious if it breaks through the 100-day EMA. SOL needs some momentum to slice past $160 and $170, two strong resistance levels. Those who keep up with the forecasts of the crypto price predictions may see this golden cross as the trigger Solana needs to finally break out. Stay tuned!
11. TON Coin
One of the fastest-growing coins is Toncoin; it works natively and super-smoothly with the Telegram app. Imagine sending and receiving Toncoin right from your regular Telegram chats instantly within the app. Convenience, simple as that. And don’t forget that the TON wallet allows users to simply swap any Toncoin for other tokens right within Telegram. Crypto management just got really much easier.
But lastly, the fun stuff—Toncoin’s price! The latest stats show that the coin has grown by a staggering 10.87% in value, with a high of $5.739209 reached just last week. That kind of growth characterizes the developing interest from investors in the token and increases feature adoption from TON within the Telegram application. Despite heightened market volatility and continued integration, and with generally positive sentiments, Toncoin’s crypto price prediction seems to have further room to grow in the not-so-distant future.
Coins based on the TON blockchain would rocket for this crypto bull run in 2024.
- Hamster Kombat
- BLUM
- CATIZEN
- NOT COIN
- BYIN
- PONKE
12. Akash Network (AKT)
Akash Network aims to create a decentralized cloud computing marketplace. As demand for cloud services grows, Akash could see increased adoption and value.
FAQ (Frequently Asked Questions)
- What is the reason behind this current correction in the crypto market?
It is the normal part of dynamics within the market. After a big pump, such as Bitcoin’s latest move from $52,000 to $66,600, a slight pullback because some traders take profits and the market consolidates follows.
- How do I know the alt season, maybe in the picture?
Be on the lookout for the Bitcoin dominance chart. When Bitcoin dominance starts falling and it often breaks below major levels like 57% in this market, it usually means entering an altcoin season.
- What does the falling wedge pattern in Bitcoin’s chart mean?
A falling wedge can be a bullish pattern that may precede a breakout. Hence, if Bitcoin can break out of such a pattern with decent volumes, then it could be off to the races, so to speak.
- When should I take profits from my crypto investments?
The strategies of profit-taking differ, but it would often be wise to take partial profits as your investments achieve that key milestone or resistance level. For Bitcoin, for example, we’re looking at profit-taking targets of around $80,000 and $100,000.
