Altcoin Season Dey Near as Bitcoin Buyah Dem Don Tire
Recent market indicators dey show say Bitcoin buyers don tire and altcoin season dey come. The crypto asset sentiment index reach from 0.23 to 0.91 within one week as Google searches for Ethereum (ETH) and other altcoins hit multi-year highs, mean say BTC buy orders don reduce and sell pressure dey rise. Small drop under $118,000 happen after US Treasury talk about strategic Bitcoin reserves, plus the Crypto Fear & Greed Index drop from “greed” to neutral at 59.
Analysts for Coinbase and MN Trading Capital predict say Bitcoin go correct for August, wey go clear road for altcoin season by September. The altcoin season index climb to 42, and industry forecasts dey expect 100–150% gains for top altcoins. The coming SEC decision on Solana (SOL) ETF for October still dey support the broad crypto uptrend.
Bearish
Di rise for sentiment and search mata dem side by side wit di fall for BTC buy orders show say di buyer dem for Bitcoin done tire, na condition wey dey usually happen before price go fall. Di dip below $118,000 and di Fear & Greed Index shift go neutral show say people dey sell pass for short term, wey mean say BTC correction fit happen. Even though people dey expect say the next altcoin season fit benefit other tokens, di money matter for Bitcoin itself no good now.