Crypto strategist Pentoshi predicts a bullish breakout for Bitcoin and altcoins in July, fueled by macroeconomic conditions and regulatory progress.
Pentoshi, naming the month 'Jubilant July,' notes positive developments like stablecoin legislation and increased ties between crypto and traditional finance.
The trader highlights the bullish market structure for Bitcoin and equities, pointing to recoveries after periods of uncertainty and mentions U.S. discussions on interest rates and fiscal expansion.
Pentoshi sees strength in Bitcoin's ability to rise despite negative news and expects altcoins to rally, with potential to push total market cap towards $400 billion.