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A crypto strategist who nailed the pre-halving Bitcoin (BTC) correction earlier this year says altcoins will likely rip once this large-cap coin takes center stage. Pseudonymous analyst Rekt Capital tells his 517,800 followers on the social media platform X that a bullish Ethereum (ETH) would be very favorable for the altcoin market. “An ETH breakout would lead the next wave of altcoin rallies.” Looking at Ethereum, the trader says ETH is very close to sparking a high timeframe breakout. “Ethereum is now pressing past the ~$3,700 resistance of its main pattern (light blue). A weekly close above the pattern top would kickstart a breakout and end the 2024 ETH downtrend.” Source: Rekt Capital/X Ethereum has closed the latest weekly candle above $3,700. At time of writing, Ethereum is trading for $3,731. Late last month, Rekt said that Ethereum moving above $3,100 would trigger capital rotation from Bitcoin to ETH. He also shared a chart ...

A widely followed cryptocurrency analyst and trader is outlining the potential path forward for a memecoin that’s exploded by over 9x in days. The analyst pseudonymously known as Altcoin Sherpa tells his 224,800 followers on the social media platform X that the Goatseus Maximus (GOAT) memecoin may consolidate for a while after rising by nearly 860% from its price of $0.045 on October 13th. “GOAT I think a range between $0.20 and $0.40 would be extremely healthy. Still holding this one for a while personally.” Source: Altcoin Sherpa/X According to Altcoin Sherpa, GOAT is likely to reach a market cap of $500 million. GOAT’s current market cap stands at just under $430 million. GOAT is trading at $0.429 at time of writing. Next up is Bitcoin (BTC). Altcoin Sherpa says he’s bullish on Bitcoin and the next resistance area he expects BTC to overcome is slightly above the $70,000 price, a level that was last reached in July. The pseudonymous analyst furth...