Crypto Analyst Puts 90% Odds on Ongoing Bull Run and Favors Select Altcoins

A sharp sell-off has rattled crypto investors, yet analyst Mike from The DeFi Report still sees a 90% chance the market is in the early stages of a new bull cycle.

He expects Bitcoin to trade sideways between 80,000 and 95,000 dollars over the coming months, with the 50-week moving average near 77,200 dollars acting as the critical line in the sand; a sustained break below 75,000 would damage the bullish case.

This time around, Mike believes well-funded altcoins could outperform Bitcoin. Projects delivering real usage and token buybacks, such as ZEC, HYPE, LIT and NEAR, stand out.

He also flags the Robinhood Chain ecosystem, where tokens have already dropped roughly 70% from their summer peaks after heavy speculation.

Based on information from cryptonews.net