- Javon Marks predicts a Bull Flag breakout for altcoins, indicating a potential new ATH.
- Senator Lummis proposes a strategic Bitcoin reserve to reduce the national debt.
Javon Marks, a crypto analyst, recently tweeted that altcoins, as measured by TOTAL3, are poised for a strong bull flag breakout. According to Marks, this trend might result in a “massive continuation” and push prices to new all-time highs.
#Altcoins (by TOTAL3) look to be nearing a key Bull Flag breakout and this can spark a MASSIVE continuation and upside to new All Time Highs 🧨 pic.twitter.com/eqEnSliBcA
— JAVON⚡️MARKS (@JavonTM1) July 28, 2024
TOTAL3 Charts Indicate Bullish Patterns
According to the Marks chart, the chart of TOTAL3 has verified many bullish patterns within a descending channel, signaling a possible breakout. Marks has defined two targets: $1.04 trillion and $1.80 trillion.
This projection expects a strong bull run for alternative cryptocurrencies, which may pique investors attention beyond well-known assets such as Bitcoin (BTC) and Ethereum.
Previously, we highlighted Captain Faibik’s analysis, which predicted a rally in TOTAL3’s value. Faibik said that the bulk of altcoins have reached their lows and are about to rise. He predicts that August and September will be particularly favorable months for altcoins.
In other news, CNF reports that Senator Lummis has proposed a strategic Bitcoin reserve to help lower the US national debt. Meanwhile, former President Trump has expressed support for establishing a Bitcoin reserve and intends to replace SEC Chairman Gary Gensler, who has been opposed to cryptocurrencies.
Furthermore, the state of Michigan added a Spot Bitcoin ETF to its pension fund for $6.6 million, according to CNF. The Michigan State Retirement System purchased 110,000 shares of the ARK Bitcoin ETF on June 30.
Meanwhile, Bitcoin is currently trading at $69,519.33, up 3.23% over the last 24 hours. Investors are keeping a careful eye on Bitcoin’s next bullish target, which is $70,000.
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