CandleFocus Has Altcoin Season Started With FED Heat? Legendary Analyst Answers
2024-09-19
Author: Content Editor
Summary: Bitcoin prices increased over 5% following the Federal Reserve's interest rate cut, prompting analyst il Capo to make interesting statements about altcoins. The analyst noted that more altcoins are outperforming and breaking downtrends, providing bullish confirmations. il Capo believes that the altcoin season has not yet begun and that altcoins, especially those with low market caps, are currently offering significant returns. The analyst highlighted the bullish confirmations from the OTHERS index, which measures the value of the altcoin market, and stated that if it passes above $265 billion from its current $205 billion position, it would be the second bullish confirmation indicating the start of the altcoin season. However, the analyst acknowledged his past mistakes in predictions and emphasized that there are always future opportunities.
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