{"id":557711,"date":"2023-10-26T23:00:53","date_gmt":"2023-10-26T23:00:53","guid":{"rendered":"https:\/\/wncen.com\/?p=557711"},"modified":"2024-06-11T07:23:30","modified_gmt":"2024-06-11T07:23:30","slug":"crypto-analyst-bitcoin-altcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-analyst-bitcoin-altcoin\/","title":{"rendered":"Crypto Analyst Who Called Bitcoin\u2019s Parabolic Rally Picks Altcoin Set To Pop"},"content":{"rendered":"

Predicting the Bitcoin price movements<\/a> and when altcoin prices will rally again is not a small feat but one analyst has managed to do so. Crypto analyst TonyTheBull has been calling for a bull market, saying that this cycle differs from previous ones in the fact that there will be a rally this year.<\/p>\n

This proved to be true last week when the price of Bitcoin started surging and hit as high as $35,100<\/a>. Now the analyst has called the next altcoin to outperform, and it already is.<\/p>\n

Fetch (FET) Is Next Altcoin In Line<\/h2>\n

In the latest iteration of the CoinChartist (VIP) newsletter, crypto analyst TonyTheBull revealed that Fetch (FET)<\/a> was his next pick after the Bitcoin breakout. He revealed that he had previously bought FET which ended up outperforming in January, and believes the same will be the case here as well.<\/p>\n

Related Reading: Bitcoin Resumes Rally After Brief Hiatus, Here\u2019s What Happened<\/a><\/div>\n

FET which is one of the top AI-powered crypto tokens is already on the rise after the analyst called it at the $0.24 level. TonyTheBull also posits that a Raging Bull indicator flipping on would be able to confirm further upside. \u201cWaiting for the Raging Bull to turn on would help confirm increased bullishness in the altcoin,\u201d the newsletter read.<\/p>\n

\"Fetch<\/p>\n

Source: CoinChartist<\/a><\/pre>\n
The Raging Bull Indicator, explained the analyst, \u201cwas designed using the Relative Strength Index to help indicate when Bitcoin or other assets are in a bull market, and more importantly, and impulsive like trend.\u201d Basically, this indicator helps to show the strength of a cryptocurrency.<\/p>\n
Looking at FET\u2019s performance<\/a> since the call, it has already climbed over 30% and is now trading above $0.3, hitting a local peak of $0.32 on Wednesday.<\/p>\n
\"Fetch<\/p>\n
FET price sitting above $0.29 | Source: FETUSD on Tradingview.com<\/a><\/pre>\n
Bitcoin Not The Only One Looking Good<\/h2>\n
Despite Bitcoin still looking incredibly bullish on the charts, the analyst points out some altcoins<\/a> that have had their Raging Bull Indicators turned on this year as well. The first on the list is Solana<\/a> whose indicator turned on for the first time since 2022. Following this, the digital asset went on a massive run but it might not be done.<\/p>\n
Related Reading: Bitcoin Price Crosses $35,000, Here\u2019s Why<\/a><\/div>\n
TonyTheBull revealed that the last time this indicator was turned on, Solana<\/a> blew up by 500%, and then continued on to do a 17,000% rally. So if it sticks to historical performance, the Solana rally might only be in its early stages.<\/p>\n
\"Solana<\/p>\n
Source: CoinChartist<\/a><\/pre>\n
The next altcoin<\/a> to appear on the list is Chainlink\u2019s LINK<\/a>. LINK moved from around $7 to over $11 in a matter of days. But just like Solana, this coin may only be in its early stages. LINK\u2019s<\/a> Raging Bull Indicator last turned on in 2019 and the coin saw a \u201c700% in the near term, and more than 9,000% in total.\u201d The analyst further added, \u201cThis might not be a setup to sleep on.\u201d<\/p>\n
Follow Best Owie on X (formerly Twitter)<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Binance, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Predicting the Bitcoin price movements and when altcoin prices will rally again is not a small feat but one analyst has managed to do so. Crypto analyst TonyTheBull has been calling for a bull market, saying that this cycle differs from previous ones in the fact that there will be a rally this year. This proved to be true last week when the price of Bitcoin started surging and hit as high as $35,100. Now the analyst has called the next altcoin to outperform, and it already is. Fetch (FET) Is Next Altcoin In Line In the latest iteration of the CoinChartist (VIP) newsletter, crypto analyst TonyTheBull revealed that Fetch (FET) was his next pick after the Bitcoin breakout. He revealed that he had previously bought FET which ended up outperforming in January, and believes the same will be the case here as well. Related Reading: Bitcoin Resumes Rally After Brief Hiatus, Here\u2019s What Happened FET which is one of the top AI-powered crypto tokens is already on the rise after the analyst called it at the $0.24 level. TonyTheBull also posits that a Raging Bull indicator flipping on would be able to confirm further upside. \u201cWaiting for the Raging Bull to turn on would help confirm increased bullishness in the altcoin,\u201d the newsletter read. Source: CoinChartist The Raging Bull Indicator, explained the analyst, \u201cwas designed using the Relative Strength Index to help indicate when Bitcoin or other assets are in a bull market, and more importantly, and impulsive like trend.\u201d Basically, this indicator helps to show the strength of a cryptocurrency. Looking at FET\u2019s performance since the call, it has already climbed over 30% and is now trading above $0.3, hitting a local peak of $0.32 on Wednesday. FET price sitting above $0.29 | Source: FETUSD on Tradingview.com Bitcoin Not The Only One Looking Good Despite Bitcoin still looking incredibly bullish on the charts, the analyst points out some altcoins that have had their Raging Bull Indicators turned on this year as well. The first on the list is Solana whose indicator turned on for the first time since 2022. Following this, the digital asset went on a massive run but it might not be done. Related Reading: Bitcoin Price Crosses $35,000, Here\u2019s Why TonyTheBull revealed that the last time this indicator was turned on, Solana blew up by 500%, and then continued on to do a 17,000% rally. So if it sticks to historical performance, the Solana rally might only be in its early stages. Source: CoinChartist The next altcoin to appear on the list is Chainlink\u2019s LINK. LINK moved from around $7 to over $11 in a matter of days. But just like Solana, this coin may only be in its early stages. LINK\u2019s Raging Bull Indicator last turned on in 2019 and the coin saw a \u201c700% in the near term, and more than 9,000% in total.\u201d The analyst further added, \u201cThis might not be a setup to sleep on.\u201d Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet\u2026 Featured image from Binance, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":557723,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85876,5651,3],"tags":[134,138,428,656,6664,26263,14690,87565,89726,89727,17203,87768,87769],"class_list":["post-557711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","category-bitcoin","category-news","tag-altcoin","tag-altcoin-news","tag-bitcoin","tag-bitcoin-news","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-fet","tag-fet-news","tag-fetch-news","tag-fetch-ai","tag-fetusd","tag-fetusdt"],"acf":[],"yoast_head":"\nCrypto Analyst Who Called Bitcoin\u2019s Parabolic Rally Picks Altcoin Set To Pop<\/title>\n<meta name=\"description\" content=\"Predicting the Bitcoin price movements and when altcoin prices will rally again is not a small 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Who Called Bitcoin\u2019s Parabolic Rally Picks Altcoin Set To Pop","url":"http:\/\/wncen.com\/news\/crypto-analyst-bitcoin-altcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/crypto-analyst-bitcoin-altcoin\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Bitcoin-altcoin-crypto-analyst.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Bitcoin-altcoin-crypto-analyst.png?fit=1600%2C900"},"articleSection":"Altcoin","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","altcoin news","bitcoin","bitcoin news","crypto","crypto analyst","crypto news","fet","fet news","fetch news","fetch.ai","fetusd","fetusdt"],"dateCreated":"2023-10-26T23:00:53Z","datePublished":"2023-10-26T23:00:53Z","dateModified":"2024-06-11T07:23:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Who Called Bitcoin\\u2019s Parabolic Rally Picks Altcoin Set To Pop\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-analyst-bitcoin-altcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-analyst-bitcoin-altcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Bitcoin-altcoin-crypto-analyst.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Bitcoin-altcoin-crypto-analyst.png?fit=1600%2C900\"},\"articleSection\":\"Altcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"altcoin news\",\"bitcoin\",\"bitcoin news\",\"crypto\",\"crypto analyst\",\"crypto news\",\"fet\",\"fet news\",\"fetch news\",\"fetch.ai\",\"fetusd\",\"fetusdt\"],\"dateCreated\":\"2023-10-26T23:00:53Z\",\"datePublished\":\"2023-10-26T23:00:53Z\",\"dateModified\":\"2024-06-11T07:23:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Bitcoin-altcoin-crypto-analyst.png?fit=1600%2C900","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/557711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=557711"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/557711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/557723"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=557711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=557711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=557711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}