Analyst Says "Bitcoin and Altcoins Are Getting Ready to Upset the Bears", Reveals His Expectations!

Bitcoin has not seen any significant movement in the last 24 hours and is sitting at $97,000.

While BTC is at the same levels, altcoins are fluctuating. At this point, Grayscale's XRP and Dogecoin (DOGE) ETF 19b-4 applications were approved by the SEC, which caused an increase in prices.

While XRP has increased by 12% and DOGE by 5% in the last 24 hours, an analyst stated that these developments could pave the way for the altcoin season.

Altcoin Season May Be Near!

Speaking to Coindesk, BRN analyst Valentin Fournier noted that Bitcoin and altcoins are showing bullish momentum, supported by positive regulatory signals and easing trade tensions.

“In a significant development, the SEC has added XRP and Dogecoin to its growing list of altcoin ETFs under review, including Solana and Litecoin. At this point, it has accepted ETF applications for XRP and DOGE.

If DOGE and XRP ETFs are ultimately approved, these products could significantly expand institutional access to altcoins, injecting liquidity.

It could also potentially set the stage for an altcoin season later this year.

“Cryptos are showing bullish momentum, supported by positive regulatory signals and easing trade tensions.”

Finally, the analyst evaluated the US CPI and PPI data, which came in above expectations, and said that the BTC price remained calm despite the data coming in above expectations.

“Given Bitcoin’s resilience to high inflation and increasing regulatory clarity, this accumulation phase could lead to a strong rally in Bitcoin in the coming weeks. We maintain a bullish outlook and recommend continuing to maintain heavy exposure to digital assets by balancing BTC and ETH by market cap,” the analyst said.

*This is not investment advice.