A crypto strategist with a history of timely Bitcoin (BTC) groups believes that the digital assets market will flourish this month.
Pseudonym Pentoshi tells his 868,800 followers on the social media platform X that he to see The crypto markets that meet this month, amid a whole series of bullish catalysts.
“It is the start of a new quarter and a new month.
It is also jubilant July.
I have to say. For the first time in a long time I feel extremely renewed with all the positive points. Stablecoin legislation is moving forward. More rails are connected to traditional finances, banks and consumers. Crypto will continue to grow like a focus on the global markets.
Also let’s not forget the tax and monetary racing wind that are coming. “
With regard to the fiscal racing wind, the analyst out That the US positions to relieve monetary policy to stimulate economic growth, while Bitcoin and US shares are in a strong uprising.
‘If you are Bearish, consider this.
The market has not proven bullish bias for the time being.
When there is FUD (fear, uncertainty and doubt), the V always returns to new highlights. It doesn’t matter how extreme the Fud.
Market structure is intact on high -time frames. BTC and shares are highlights on or around all time.
The largest economy in the world openly discusses his fault by publishing more.
The largest economy in the world openly discusses reducing interest rates, which in this case would probably generate both inflation/growth.
If the market proves that these ideas are incorrect, you can run. I see no reason to be Bearish in markets with this in mind. “
Regarding Altcoins, Pentoshi says that he is closely monitoring the other graph that follows the total market capitalization of crypto, exclusively the 10 largest digital assets and stablecoins.
The analyst to predict That others will rise almost $ 400 billion, which indicates a huge upward potential for Altcoins.
“I think many alts will probably cook in the coming weeks.
It just feels like … Sellers no longer have a momentum. Many of them look better in a certain time than they have.
I think you could essentially use last week’s lows as a point that we should not lose on most of these …
I think we will see others play below as signed. “
At the time of writing, others act at $ 229 billion.
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Generated image: midjourney