Altcoins Show Strength Against Bitcoin and Ethereum, Analysts Suggest Reversal of Downtrend in Crypto Market
Altcoins are showing signs of strength relative to Bitcoin and Ethereum, with analysts suggesting that the downtrend for quality altcoins may be reversing. Despite recent market volatility, some believe it is risky to be bearish on altcoins at this point, as they appear oversold on longer timeframes. Traders are observing a shift in market dynamics, with altcoins outperforming Bitcoin in recent trading sessions, leading to speculation about potential recovery rallies for altcoins.
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Sistine Research
Personally think it's insanity to own BTC here. Dominance is > 50% and looking weak. All the asymmetric upside is in alts rn. If you're worried about the market going down why are you even in BTC? Should be in $ over BTC if you're actually bearish. https://t.co/g2HEekJid2
Quinten | 048.eth Altcoins outperforming #bitcoin again today 👀 Is $BTC finally going to take it slowly and will altcoins pop or nah? https://t.co/HVSk3H2nD6
Cointelegraph Analysts at @bitfinex predict up to 2 months of price consolidation for #Bitcoin post-halving. Could altcoins steal the spotlight amid $BTC's dominance drop? https://t.co/GZHuw0lMEe