- The declining price of Bitcoin leads to falling market sentiment.
- Analyst draw sights to altcoins and preach accumulating before altseason peak arrives.
- Analyst sets bullish price target for UNI at $42 this altseason.
The price of Bitcoin shows no signs of a speedy recovery to reclaim its 6-digit prices, let alone its previous ATH of $108,268.45, or something much higher. While analysts expect BTC price to rise eventually, this rally may arrive only after a prolonged sideways movement as the correction phase continues.
Bullish Altseason Expectations Rise
In turn, market sentiment has taken a dive to hit the ‘Neutral’ sentiment with a score of 50. This move is taken well by seasoned traders who see the fall in sentiment as a golden opportunity to accumulate promising altcoins as the expected arrival of the golden phase of altseason nears this Q1 of 2025.
Historically, altseason’s peak has only arrived in Q1 following a Bitcoin Halving year. As we can see from the post above, the time for this explosive parabolic pump for altcoins may have arrived. The post highlights how the bottom signal for altcoins may have finally arrived. He says this data is rarely wrong and should not be ignored and encouraged accumulating in this range to reap beneficial pumps in the coming weeks ahead.
Over 208% Rally Expected for UNI
One such altcoin showing strong promise of parabolic gains this altseason is Uniswap’s UNI. As the analyst in the post above explains, the altcoin’s price, even after the recent market dip, still holds significantly in positive territory. Moreover, it is up nearly over 200% since its breakout and retest and could see greater gains ahead. The analyst sets a breakout target at $42.4941608 and expect gains of over 208% in the coming altseason.
