Major

bullish

VeChain

Bitcoin

mirror

<ul class="wp-block-list">
 <li>The VET/BTC price chart hits a 5-year low, marking a key accumulation phase.</li>  
 <li>Historical patterns suggest a potential 2025 bull run with major uptrend.</li>  
 <li>Crypto acceptance and global monetary policy shifts favor market growth.</li> 
</ul>  
<p>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.</p>  
<p>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 <a href="https://vechain.org/" target="_blank" rel="noopener noreferrer nofollow">VeChain</a> community VET.&nbsp;&nbsp;&nbsp;</p>  
<h2 class="wp-block-heading" id="h-vechain-marks-5-year-low">Vechain Marks 5-Year Low</h2>  
<p>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.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/lamatrades1111/status/1844482372504269300
 </div>
</figure>  
<p>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 <a href="https://cryptonewsland.com/vechains-weekly-accomplishments-boosts-bullish-vet/" target="_blank" rel="noopener noreferrer nofollow">1,291% bullish surge</a> over 595 days. This historical trend, coupled with today’s similar price action, suggests a strong possibility for another major uptrend.</p>  
<h2 class="wp-block-heading" id="h-vechain-s-iconic-come-back">VeChain’s Iconic Come Back?</h2>  
<p>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 <a href="https://coinmarketcap.com/currencies/vechain/" target="_blank" rel="noopener noreferrer nofollow">VET price</a> will pump soon.</p>  
<p>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 <a href="https://cryptonewsland.com/vechain-chart-shows-highly-bullish-signs/" target="_blank" rel="noopener noreferrer nofollow">largest bull market</a> in history, offering life-changing returns for early investors.</p> 
<p>The post <a href="https://cryptonewsland.com/vet-btc-price-chart-marks-5-year-low/" rel="noopener noreferrer nofollow">VET/BTC Price Chart Marks 5-Year Low Indicating Major Signal for Accumulation and an Eventual Price Pump</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

VET/BTC Price Chart Marks 5-Year Low Indicating Major Signal for Accumulation and an Eventual Price Pump

Table of Contents

Crypto News Land

Other articles published on Oct 13, 2024

Surprise Weekend Listing by OKX: Big Expectations for X Empire Altcoin

Analyst Believes IntelMarkets (INTL) Exhibits Early Solana Vibes As Investors Prepare For A Massi...

Experts Assess Ethereum’s Price Trends and Support Levels

Qubetics Presale Offers 1800% ROI as Phase 3 Wraps Up While SEI Faces Decline and Mallconomy Gear...

StakeLayer up by over 250% amidst market downturn: DMT and THL up by double digits

XRP Price Might Skyrocket with SEC Approval

Join our free newsletter for daily crypto updates!