Top Crypto Analyst Confirms Altcoin Season: ‘It Starts Now’
Altcoin Season has officially begun, according to crypto analyst Josh Olszewicz. Current market conditions favor significant altcoin performance, with Bitcoin consolidating near $120,000, providing a strong backbone for the market. Ethereum has broken out from $2,200 to above $3,200, with bullish technical indicators and regulatory clarity supporting its rise. Olszewicz suggests a realistic target of $4,000 for ETH in July but warns of potential struggles at $5,000. Solana is highlighted as a key player, with potential gains if it surpasses $177. Other promising assets include Sui, Avalanche, and meme coins like Dogecoin and Pepe. Caution is advised for August and September, historically weaker months for crypto, with possible sharp corrections. The overall market outlook remains bullish, with NFTs also experiencing a resurgence. Olszewicz emphasizes the importance of relative value in the ETH/BTC pair and cautions against overleveraging in trading. Total altcoin market capitalization is nearing $1.5 trillion, signaling a risk-on sentiment in the market.
