As Bitcoin’s Rally Accelerates, Analysts Expect Altcoins to Get Crushed

Bitcoin’s price has remained stable above $12,000 following the strong uptrend it was able to post yesterday The cryptocurrency is now consolidating as bulls attempt to garner greater support It also appears that BTC is trying to test and confirm $12,000 as support. Any dip below this level in the near-term will be grave The stable uptrend seen by BTC in recent weeks has provided altcoins with an ideal backdrop to rally against One analyst, however, is noting that he now expects Bitcoin’s rally to start accelerating – and this could come about at the expense of altcoins It has been a wild past few weeks for Bitcoin and the entire cryptocurrency market. While BTC has been slowly grinding higher, many altcoins have been seeing parabolic returns. This type of market-wide strength has not been seen since 2017, and it feels far more sustainable than the short and sharp uptrend…

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