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.”
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.”
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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