King cryptocurrency Its unit is at $104,400 and most altcoins are painted red. Ethereum $3,292.2 US stock markets are quite positive as the controversy surrounding it pushes the price below $3,300. So how do we understand that the altcoin bull has started? What should investors watch?
Altcoin Bull
With a gradual movement altcoins We will suddenly see significant gains, and that’s what’s happened in past cycles. The rise will accelerate further in an environment where investors, whose appetite for risk has weakened, begin to act out of fear of missing out on profits. The partial rise in the last quarter of last year caused many to buy higher with regret, and we should see more of this.
Daan Crypto Trades for altcoin bull BTC He talked about the level that should be monitored in his dominance.
“Throughout this cycle, BTC.D has consistently moved higher as BTC has outperformed most altcoins.
Since the election, it has seen some major swings and stalled its upward trend somewhat. However, there is also no strong bounce back, so I recommend keeping an eye on this local range.
Any move below 54 will likely start some form of altcoin season for at least a few weeks. Because this situation is Bitcoin
$104,876.5 It would make a good bullish case on the dominance chart.
Until then, altcoin outperformers are very sector-specific and rallies generally don’t last more than a few weeks at best.”
Rover, on the other hand, spoke more hopefully. The death cross he sees on the BTC.D chart altcoin He wrote that he was preparing the markets for a major dominance weakening that would cause the bull. We saw a similar process in the previous cycle, with the decline accelerating until April.
Bitcoin Future Prediction
Benjamin Cowen BTC He wrote that it will return to the range of 120,000 to 140,000 dollars in the next few months so that the 365-day return remains 2 times. The fact that the earnings remain in the 2-fold region is also important in confirming the continuity of the upward trend in cryptocurrencies. Cycle data suggests this should progress in the direction Cowen expects.
The analyst’s forecast is even in the third quarter of this year BTC He says the price will be in the six figures.
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.
