A crypto strategist, known for his impeccable timing in calling Bitcoin (BTC) moves, believes that the digital asset market is about to enter a period of unprecedented prosperity. 🌟
Pseudonymous analyst Pentoshi, with a following of 868,800 on the social media platform X, foresees a rally in the crypto markets this month, fueled by a series of bullish catalysts. 🚀
“It’s the start of a new quarter and a new month. It’s also Jubilant July. I gotta say, I feel extremely refreshed for the first time in a long time with all the positives happening. Stablecoin legislation is moving forward. More rails are being connected with traditional finance, banks, and consumers. Crypto will continue to grow as a focus in global markets. Let’s also not forget the fiscal and monetary tailwinds that are coming.”
Regarding the fiscal tailwinds, Pentoshi notes that the US is gearing up to ease monetary policies to stimulate economic growth, while Bitcoin and US equities are in a strong uptrend. 📈
“If you’re bearish, consider this. The market has, for now, failed to prove a bullish bias to be incorrect. When there is FUD (fear, uncertainty, and doubt), it V reverses into new highs each time. No matter how extreme the FUD. Market structure is intact on high time frames. BTC and stocks are at or around all-time highs. The largest economy in the world is openly discussing outgrowing its debt by spending more. The largest economy in the world is openly discussing lowering interest rates, which in this instance would likely stoke both inflation/growth. If the market proves these ideas to be incorrect, then you can pivot. I see no reason to be bearish on markets with this in mind.”
When it comes to altcoins, Pentoshi is keeping a keen eye on the OTHERS chart, which tracks the total market capitalization of crypto, excluding the 10 largest digital assets and stablecoins. He predicts that OTHERS will soar close to $400 billion, signaling massive upside potential for altcoins. 🚀
“I do think many alts will likely cook for the next few weeks. Just feels like… sellers have run out of momentum. Many of them look better than they have in quite some time. I think you could essentially use last week’s lows as a point we shouldn’t lose on most of these… I think we see others play out something like drawn below.”
At the time of writing, OTHERS is trading at $229 billion. 📊
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2025-07-06 20:01