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Predicting the Bitcoin price movements and when altcoin costs will rally once more just isn’t a small feat however one analyst has managed to take action. Crypto analyst TonyTheBull has been calling for a bull market, saying that this cycle differs from earlier ones in the truth that there will likely be a rally this yr.

This proved to be true final week when the worth of Bitcoin began surging and hit as high as $35,100. Now the analyst has known as the subsequent altcoin to outperform, and it already is.

Fetch (FET) Is Next Altcoin In Line

In the newest iteration of the CoinChartist (VIP) e-newsletter, crypto analyst TonyTheBull revealed that Fetch (FET) was his subsequent choose after the Bitcoin breakout. He revealed that he had beforehand purchased FET which ended up outperforming in January, and believes the identical would be the case right here as properly.

FET which is without doubt one of the high AI-powered crypto tokens is already on the rise after the analyst known as it on the $0.24 degree. TonyTheBull additionally posits {that a} Raging Bull indicator flipping on would have the ability to affirm additional upside. “Waiting for the Raging Bull to turn on would help confirm increased bullishness in the altcoin,” the e-newsletter learn.

Source: CoinChartist

The Raging Bull Indicator, defined the analyst, “was designed using the Relative Strength Index to help indicate when Bitcoin or other assets are in a bull market, and more importantly, and impulsive like trend.” Basically, this indicator helps to point out the power of a cryptocurrency.

Looking at FET’s performance for the reason that name, it has already climbed over 30% and is now buying and selling above $0.3, hitting a neighborhood peak of $0.32 on Wednesday.

FET worth sitting above $0.29 | Source: FETUSD on Tradingview.com

Bitcoin Not The Only One Looking Good

Despite Bitcoin nonetheless trying extremely bullish on the charts, the analyst factors out some altcoins which have had their Raging Bull Indicators turned on this yr as properly. The first on the record is Solana whose indicator turned on for the primary time since 2022. Following this, the digital asset went on an enormous run nevertheless it won’t be accomplished.

TonyTheBull revealed that the final time this indicator was turned on, Solana blew up by 500%, after which continued on to do a 17,000% rally. So if it sticks to historic efficiency, the Solana rally would possibly solely be in its early levels.

Source: CoinChartist

The subsequent altcoin to look on the record is Chainlink’s LINK. LINK moved from round $7 to over $11 in a matter of days. But identical to Solana, this coin could solely be in its early levels. LINK’s Raging Bull Indicator final turned on in 2019 and the coin noticed a “700% in the near term, and more than 9,000% in total.” The analyst additional added, “This might not be a setup to sleep on.”