Popular analyst Ali Martinez is extremely bullish about Toncoin (TON), the currency of the popular chat program Telegram. According to the analyst, the Tom DeMark (TD) Sequential Indicator points to decent long-term price gains for the project.

Bullish over Toncoin

Toncoin has been doing well lately and the project owes this partly to all the mini-games that are currently popular on the blockchain.

The coin has recently been rattling the gates of the top 10 on CoinMarketCap and now the project is also on Ali Martinez’s radar.

According to the analyst, the currency could even rise by 46% from current prices, reaching a price of 11 dollars per coin.

In addition to being bullish based on the TD Sequential Indicator, it also sees an ascending triangle forming on the coin’s 12-hour chart.

According to the analyst, we can therefore prepare for a strong period for Toncoin. Is this a coin you have in your portfolio?

Difficult quarter ahead for Bitcoin?

Ali Martinez may have a less good quarter ahead for Bitcoin. The market’s largest currency has historically performed poorly during the quarter running from July to September.

“Look after! Historically, Bitcoin has struggled in the third quarter, with an average return of 6.49% and a median return of -2.57%.”

Ultimately, of course, everything depends on macroeconomic developments. These are currently putting the heaviest pressure on the market.

In this context, it is important that American inflation finally falls towards the desired 2.0%. That would give the Federal Reserve room to cut rates and give Bitcoin the breathing room to potentially look higher again.

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Source: https://newsbit.nl/analist-is-razend-bullish-over-deze-layer-1-altcoin/

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