Bitcoin has been experiencing a bullish movement, which has renewed optimism in the market. As a result, traders and investors are starting to position themselves in altcoins, as they historically outperform Bitcoin in an "Altcoin Season." Analysts, including Jake Pahor, expect Bitcoin dominance to start reversing to the downside, leading to an altseason. However, the exact timing of the altseason is uncertain. Pahor advises investors to start accumulating and holding spot positions in solid altcoins, while other analysts have shared similar perspectives. It is worth noting that this cycle has some differences, such as a high volume of Bitcoin derivatives, which could impact the altseason.
- Content Editor ( finbold.com )
- 2024-10-30
Here's why this analyst is 'feeling super bullish' on altcoins