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- The VET/BTC price chart hits a 5-year low, marking a key accumulation phase.
- Historical patterns suggest a potential 2025 bull run with major uptrend.
- Crypto acceptance and global monetary policy shifts favor market growth.
Bitcoin nears the $63,000 target and altcoins mirror the same expectation for a bullish BTC rally within the altcoin market as well. Both BTC and altcoins have been indicating multiple bullish signals in their respective price charts across various positive signs. Amongst the altcoins alone, a range of these potential assets is expected to make massive pumps.
With the expectations for a bullish altseason on the horizon alongside a green close to September and historical indicators for a very green Q4, sentiment for massive gains in the coming months is higher than ever. Many altcoins are feeding this rally along with Bitcoin and these altcoins include a long-time favorite for the VeChain community VET.
Vechain Marks 5-Year Low
In detail, the VET/BTC price chart marks how the altcoin is trading at its lowest price since September 2019. This phenomenon presents a unique accumulation opportunity for traders and investors. As we can see from the chart below, one seasoned trader and VET enthusiast explains the potential hidden within the altcoin for the coming bull run.
#Altcoins 📈 Vechain Opportunity: Lowest Price In 5 Years —Accumulation Phase
— Alan Santana (@lamatrades1111) October 10, 2024
Good afternoon my fellow Cryptocurrency trader, I hope you are having a wonderful day.
Something amazing is happening here with Vechain, VETBTC. Right now this pair is trading at the lowest price… pic.twitter.com/agY5naAt0O
Currently, VET is priced around 340 satoshis. The last time this level was reached, it marked the end of a bearish cycle and triggered a significant 1,291% bullish surge over 595 days. This historical trend, coupled with today’s similar price action, suggests a strong possibility for another major uptrend.
VeChain’s Iconic Come Back?
The bear market for VET/BTC has lasted 1,246 days, making this bottom an important signal for the start of a new accumulation phase. Accumulation refers to buying assets steadily with the intent of holding long-term, and the current market conditions align with this strategy. Thus, the analyst goes on to advice investors to take advantage of the low prices, as he is certain the VET price will pump soon.
Market conditions, including a shift in global monetary policies and increased crypto acceptance, point toward a massive bull run in 2025. With cryptos now more accessible to the global population, the upcoming cycle could potentially be the largest bull market in history, offering life-changing returns for early investors.