A well-known crypto analyst, known as Pentoshi, is predicting a potential rally for altcoins. He believes the current market conditions are favorable for altcoins to make a move higher.
Pentoshi sees a “constructive” pattern forming in the market. He’s particularly optimistic about altcoins that have shown consistent strength and have been able to maintain an upward trend even during Bitcoin’s recent sideways movement.
He warns investors to be cautious about chasing lagging altcoins. Instead, focus on those with a clear upward trend and strong performance during Bitcoin’s recent price action.
Bitcoin, meanwhile, appears to be in a “waiting room” for a new all-time high. Pentoshi acknowledges that Bitcoin has already reached a new high, congratulating those who held onto their investments.
Bitcoin is currently trading at around $67,319. It has been trading sideways for the past week.
Disclaimer:
This information is for general knowledge and educational purposes only. It is not intended as financial advice. Always do your own research before making any investment decisions. /p>
