Cryptocurrency analyst Pentoshi drew attention to the upward potential of altcoins. In his statement to his 809,600 followers on the social media platform X, he stated that a critical period has entered for altcoins in the digital asset market.
Pentoshi’s Comments
The analyst said that the current market structure is developing in a positive direction and an upward movement in altcoins is possible. If the current resistance turns into support, a significant increase may occur.
“This structure seems quite constructive to me. “If support occurs, we can expect a serious upward movement.” he said.
Bitcoin and Altcoin Relationship
Pentoshi, Bitcoin 
$66,872He stated that some altcoins may be stuck despite the pressure on the market. The rise of Bitcoin Dominance may cause many altcoins to lose value against BTC. That’s why the analyst recommends focusing on altcoins that are showing strong trends.
“I am optimistic about Bitcoin. However, this may cause many altcoins to struggle against BTC. “One should only pay attention to altcoins with a solid uptrend.” he added.
General Condition of the Market
While Pentoshi described Bitcoin’s current level as a “waiting room,” he reminded that BTC is near its all-time high. Bitcoin is currently at $67,319 and has been showing sideways movements in recent days.
“It is difficult to call this situation a peak. Congratulations to those who are patient. “Everyone is at the level they deserve.” he stated.
Pentoshi’s reviews show that investors should also consider the health of altcoins when monitoring Bitcoin’s performance. Turning to altcoins that have a particularly strong performance can be beneficial in minimizing risks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
