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Bitcoin 
$110,595‘s price has once again surpassed $62,000, rebounding from a low of $58,946. Altcoins have also shifted their direction upward, with SHIB moving over 7% in a manner similar to previous fluctuations. What predictions exist for STRK Coin? What are the expectations for the altcoin market in general?
Predictions for STRK Coin
An analyst known as CryptoBullet has focused on STRK Coin, a token that has recently entered the market, during today’s market assessment. There are still many ambitious altcoins yet to experience a bull market, and STRK Coin is among them. The graph shared by the analyst suggests that the price may break out of its current channel within a few weeks.
The analyst presents targets of $1.35 and $2.7, indicating significant growth potential from the current price of $0.395. It remains to be seen whether the analyst’s forecast of the price returning to $2.7 will hold true.
Comments on Altcoins
Global liquidity continues to rise, reaching a record level of $107 trillion. Increased liquidity typically translates to higher prices in risk markets, which supports expectations for a surge in cryptocurrency values as well. As global liquidity recovers from its downturn, we have all witnessed the substantial growth in BTC prices.
The monetary expansion policies by central banks have been underway for several months, and the resulting growth in global liquidity is expected. Consequently, it is clear that cryptocurrencies are also experiencing growth.
Moustache shared a graph expressing expectations for altcoins with the following remarks:
“The Altcoin Season Index has been forming one of its best bullish patterns for 3.5 years: Inverse Head and Shoulders. I believe a bullish season is near. The pain we have experienced in recent years will soon dissipate. I wish everyone the best on this journey.”
If historical cycles repeat, we should expect strong rallies in the cryptocurrency markets in the coming days. The upcoming U.S. elections also correlate with periods where bullish trends typically begin.
BTC was priced at $62,300 as this article was prepared, and altcoins have generally turned positive.
