According to economist Henrik Zeberg, technical indicators of positive momentum will cause cryptocurrency prices to rise in the upcoming week.
Notably, after Bitcoin (BTC) maintained its dominance for a long time, culminating in the first digital currency to trade at a high of $118,000, the cryptocurrency market has been expecting an altcoin season.
According to Zeberg's July 12 X post, he based his prediction on the emergence of "wave III of wave 3 of wave C" in the majority of cryptocurrencies.