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Home»ALTCOIN NEWS»Another upward move for altcoins as ‘constructive’ price action unfolds, according to a top analyst.
ALTCOIN NEWS

Another upward move for altcoins as ‘constructive’ price action unfolds, according to a top analyst.

By Crypto FlexsOctober 24, 20242 Mins Read
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Another upward move for altcoins as ‘constructive’ price action unfolds, according to a top analyst.
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Powerful altcoins appear poised for a rise, according to a top cryptocurrency analyst.

An anonymous cryptocurrency trader known as Pentoshi tells his 809,600 followers on social media platform X that the digital asset market is currently in a prime position for altcoins.

“Personally, I like to have a structure or foundation in place. It looks constructive for another uptick. There is definitely a lot of upside *IF* this could turn from resistance to support.

I have been very bullish on BTC and this is the type of point where many, if not all Alts, could get stuck in the BTC/USD pivot and bleed against BTC, causing (Bitcoin Dominance) to continue. Here’s what you need to know about exposure. So I’m definitely not going to chase the lagging alternatives. And during BTC’s movement so far, we will only focus on those that show a clear (higher highs and higher lows) upward trend and sustained strength.”

Source: Pentosh1/X

Pentoshi also points out that Bitcoin (BTC) appears to be in the “waiting room” of all-time highs.

“It’s hard not to call this a higher peak. I salute those who are patient. Everyone gets it at a reasonable price.”

video
Source: Pentosh1/X

At the time of this writing, Bitcoin is trading at $67,319. The top crypto assets by market capitalization have been trading mostly sideways over the past week.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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