Crypto Market Could See Weeks of Bullish Momentum Ahead Before Market Cools

Citing historical behavior—particularly from tokens like PEPE in early 2024—Sherpa suggested that explosive moves are often followed by extended chop phases or downtrends.

In a detailed thread, he emphasized that if Bitcoin (BTC) reaches the $120K level and stabilizes, altcoins are likely to mirror its consolidation, potentially setting up for another strong leg later on.

While macro uncertainty still makes overall market timing difficult, Sherpa remains bullish on higher time frames.

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His short-term strategy is to continue longing the market momentum until it clearly breaks down. He cautions against giving back gains during inevitable pullbacks but acknowledges that timing exits perfectly is always difficult.

Sherpa also noted that many lower-cap altcoins—or “shitcoins” as he puts it—have yet to move significantly and could still offer opportunity during this cycle. A key reference is his breakdown of $PEPE’s chart patterns from 2024, showing bursts of bullish runs followed by long consolidation periods (highlighted in yellow boxes).

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