Altcoins Could Suffer As Bitcoin Makes a Move for New Highs – Crypto Analyst

[Dn.Salah706]

 closely followed crypto analyst says that the altcoin market may be in for some pain as Bitcoin (BTC) threatens to steal the show.

Writing in the latest TechnicalRoundup newsletter, the pseudonymous analyst known as DonAlt says that the new launch of the Bitcoin futures exchange-traded fund (ETF) was not a “sell the news” kind of event. Instead, he sees Bitcoin as likely being in the middle of a strong upward move.click

[Selino]

Recently, there have been quite a few predictions about the expected rapid price growth of bitcoin. So far, none of them come true. The price of bitcoin has been just over $ 54,000 for several days now, and this is at a time when there is just over one month left before the New Year. Even if bitcoin finds the strength for further growth, this does not mean that altcoins will bleed out at the same time. With the price growth of bitcoin, as a rule, altcoins grow in price and at the same time.
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