A top cryptocurrency analyst believes that strong altcoins will see a rise in value.
Pentoshi, a pseudonymous cryptocurrency trader. tells His 809 600 followers on social media platform X, that the digital asset markets is at a critical point for altcoins.
The structure of the base is good. This looks like a positive move for the next higher. There’s certainly a lot of upside *IF* this can be flipped from resistance to support.
This is where I have been bullish for BTC. Many altcoins, but not all of them can become stuck at pivots in BTC/USD and then bleed against BTC. [Bitcoin Dominance] You can keep going. Just something you should be mindful of when it comes to your exposure. It’s not worth chasing alts that are lagging. Only those who have a distinct advantage would I focus my attention. [higher highs and higher lows] “BTC has shown a strong uptrend with continued momentum.”
Pentoshi notes It looks just like BitcoinBTC() has reached a new high “waiting room.”
“Hard to not call this a higher high. Congrats to those who had patience. Everyone gets it at the price they deserve.”
Bitcoin’s price is $67,319 when this post was written. In the last week, market capitalization has been largely flat for the top crypto asset.
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