Altcoin Bull Phase Could Grow More Interesting if Bitcoin Manages to Hold the $77,700 Price Range

• Altcoin bull phase could grow more interesting.
• Can Bitcoin manage to hold the $77,700 price range?
• Holding this line and surging higher could bring altcoins strong pump action. 

The crypto community has been repeatedly disappointed by the delay is altseason and its peak phase. In particular, the previous bull cycle was incredibly disappointing to most altcoin traders as only a few altcoins went on to hit new ATH prices. At the moment, with the price of BTC and ETH rising, expectations for altcoins to surge is high. The altcoin bull phase could grow more interesting if Bitcoin manages to hold the $77,700 price range.

Altcoin Bull Phase Could Grow More Interesting

According to CoinMarketCap analytics, the price of BTC is currently trading at the $78,800 price range, showing that the asset is down by 0.2% over the last 24 hours. However, in the 7-day price range, the asset is up by over 13% and up by almost 25% in the last 30 days. Meanwhile, the price of ETH is also close to reclaiming the $2,500 price range and the asset is up by over 1% today.

The fact that both assets are trying to reclaim full bullish indicators and surge to higher targets is a strong signal for the market. At the moment, analysts believe that ETH is already moving towards the $3,000 – $3,400 price range to jump up to the next leg of its bull pump journey. As for the price of BTC, the asset is expected to turn the market to a full bull market if it surges to prices above $82,000 – $84,000.   

Can Bitcoin Manage to Hold the $77,700 Price Range? 

The fact that ETH already seems to have entered a bullish trend is a highly bullish sign for the greater altcoin market. To highlight, the previous bull cycle barely experienced a surge for altcoin prices and only a handful of assets went on to set new ATH prices, just barely above their previous ATH prices. Overall, the previous cycle was very disappointing for the altcoin market and for altcoin traders.

Now, ETH and several other altcoins are close to completing their multi-year bullish price patterns. In fact, the altcoin price chart itself is showing highly bullish signals. That, paired with the Russell 2000 historically outperforming itself before an altcoin bull market, are all adding up to a powerful move on the horizon for the most promising altcoins in the space. 

As we can see from the post above, this expert believes that it is still undecided on what the price of Bitcoin will do over the coming days and weeks. As BTC trades in the $78,000 price range at the moment, the expert says that losing the support level at $77,700 will lead to a significantly deeper correction to $74,000 price range. However, if the markets hold here, it is likely that the asset will test the highs in coming days and surge to the $82,700 price range which will bring a lot of fun and action to the altcoin market soon.