The co-founders of Glassnode, a crypto analytics firm, suggest that altcoins could rally in the next two weeks and outperform Bitcoin. They point to the Bitcoin Dominance (BTC.D) chart, which indicates a potential bearish trend for Bitcoin, opening the way for altcoins to rise in value. For this to happen, Bitcoin needs to consolidate above $100,000, allowing altcoins to gear up for a breakout. The Glassnode executives also note that long-term holders of Bitcoin are running out of coins to sell, which could lead to a potential shift in market dynamics and a possible Bitcoin surge at the start of 2025. As of now, Bitcoin is trading at $101,893.
- Content Editor ( dailyhodl.com )
- 2024-12-15
Here’s What Could Trigger Christmas Rally for Altcoins, According to Glassnode Co-Founders