Altcoins recently experienced a correction due to Bitcoin's rejection of the $100,000 resistance level. However, a prominent technical analyst, CrypNuevo, believes that the altcoin season is ready to continue and sees buying opportunities in this correction. CrypNuevo predicts that Bitcoin Dominance (BTC.D) will continue to decline, leading to another altseason where smaller-cap cryptocurrencies will outperform Bitcoin. Many analysts believe that this is just the start of a major bull market and expect utility altcoins to be the best investment plays for 2025. Money is expected to rotate from Bitcoin to large-caps, mid-caps, and then small-caps over time, with the rotation already starting in the top 50 coins. Experts anticipate this trend to continue into the top 100 and smaller-cap coins.
- Content Editor ( finbold.com )
- 2024-12-12
Analyst eyes continuation for the altcoin season after recent correction