James Spillane
Crypto analyst and influencer MuroCrypto expects BTC to sweep the $31,750 highs by November, but is focusing on buying altcoins this month.
Muro has 230,000 followers on his Twitter handle MuroTrades (@MuroCrypto) where he posted the above Bitcoin price chart this week. Since his September 9th tweet Bitcoin has moved up to as high as $21,800 this weekend.
Crypto Analysts on the Next Altcoins to Explode
If price sweeps 21.9 high over the next days, I'd look for this idea to play level to level, but focus mainly on alts. pic.twitter.com/3zwppAWufq
— MuroTrades (@MuroCrypto) September 9, 2022
The Sept 9th candle was one of the largest green Bitcoin daily candles in months. Bitcoin showing strength and steadily grinding back up to recover the $30,000 level could lead to an altcoin season.
The Bitcoin weekly candle will close later today and is currently attempting to break out above the weekly EMA 8.
Bitcoin price chart – Weekly timeframe
MuroCrypto hasn’t yet shared his thoughts on the best altcoins to buy now but is expecting alts to potentially outperform Bitcoin over the next month or two, also tweeting:
‘I don’t expect a major rally until early November. In case of bullish continuation I would expect it to be more in a sideways slow grind up manner which would give alts still room to perform well for 2 months.’
YouTuber and crypto analyst Jacob Crypto Bury is also bullish on altcoins, including new cryptocurrency Tamadoge (TAMA) which has almost sold out its token presale – with just under 20% remaining before its first crypto exchange listings on LBank and Uniswap.
YouTube crypto analysis – source
New crypto presales often perform well even in bearish market conditions but within an altcoin season and Bitcoin steadily grinding to the upside, TAMA could end up being the next cryptocurrency to explode.
So far the level of investor interest in the newest meme coin has led to its presale raising more than that of Ethereum and STEPN (GMT) in their ICOs. Learn more about the Tamadoge project at tamadoge.io.
Also see our long term Bitcoin price prediction post, covering its potential price forecast heading into the 2024 halving and beyond to 2030.
Related Crypto News
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Tamadoge - The Play to Earn Dogecoin
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This article was written for Business 2 Community by James Spillane.
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