In recent months, Bitcoin prices have fluctuated in narrow ranges, frustrating investors. The focus shifts to expectations for altcoin growth this summer.
Expectations for Altcoin Growth
The current market scenario raises questions about whether an altcoin surge will occur this summer. For instance, growing interest in ETFs this year is markedly different from past years, which could indicate changes in investor strategies.
Analysts' Predictions
Analysts, such as DaanCrypto, forecast no altcoin surge this summer. He mentions: CITE_W_A "June has seen BTC fluctuating between -5% and +5%. Given historical seasonal trends, I expect a slower summer, with better times ahead." Roman Trading echoes this sentiment, highlighting altcoins' continued weakness against BTC.
Current Market Situation
As of now, Bitcoin is trading at $103,500. Investors are facing stagnation, further intensifying market tension.
Analysis of current trends indicates low expectations for altcoin growth this summer, but the situation may change in the future.
