According to a popular crypto trader, the current market conditions indicate that Bitcoin still has potential to climb higher in price. The trader believes that the ongoing altcoin capitulation is not a sign of a market top, as in such situations, altcoins usually perform well and euphoria is prevalent. Instead, the trader points out that people are currently fearful because altcoins are not performing as well as Bitcoin, which is consolidating above $100,000. The trader advises staying calm and looking for signs of strength in altcoins before adding to positions or buying into support zones during potential downturns. At the time of writing, BTC is trading at $104,035 and has seen a nearly 2.5% increase in the past 24 hours. It has been trading sideways in the past week but has increased by over 12.5% in the past month.



Other News from Today