When Bitcoin Does This, Altcoins 'Will Start Popping Left And Right,' Analyst Predicts
Portfolio Pulse from Murtuza Merchant
Crypto analyst, Credible Crypto, predicts a bearish trend for ALT/BTC pairings, with over 50% drops against Bitcoin for many. He notes that most ALT/BTC pairings have struggled to break any significant bearish market structures. However, he forecasts a surge in altcoins post-Bitcoin's ATH breach. He also predicts a decline in Bitcoin dominance for the first time in over a year, leading to a resurgence in ALT/BTC pairings. He suggests that exposure to Bitcoin might be more beneficial for investors during such periods.
August 16, 2023 | 3:18 pm
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Crypto analyst predicts a bearish trend for ALT/BTC pairings but expects a surge in altcoins post-Bitcoin's ATH breach. This suggests that exposure to Bitcoin might be more beneficial for investors during such periods.
The analyst predicts a bearish trend for ALT/BTC pairings, suggesting that Bitcoin will outperform altcoins in the short term. However, he also forecasts a surge in altcoins post-Bitcoin's ATH breach, which could lead to a resurgence in ALT/BTC pairings. This suggests that Bitcoin might be a more beneficial investment in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100