Analysis: "BTC has room to rise...Altcoins are sluggish"

This article is machine translated
Show original

The Kobeissi Letter stated, "BTC still appears to have room for growth. When BTC set new all-time highs in February and November 2024, 75% and 40% of all cryptocurrencies were within 5% of their 252-day highs. However, this proportion now converges to almost 0%. In the past, when most altcoins were near their all-time highs, BTC tended to experience corrections, but now BTC is rising alone."

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments