A closely followed analyst who nailed the pre-halving Bitcoin correction last year thinks altcoins are close to igniting big rallies and outperforming BTC.
Pseudonymous analyst Rekt Capital tells his 531,500 followers on the social media platform X that the altcoin market is at a stage where it is being overlooked by most traders.
But the trader notes that the prevailing bearish sentiment is setting the stage for altcoins to ignite upside bursts, leaving many traders on the sidelines.
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“February has been a strong month for altcoins in both 2023 and 2024.
Could altcoins enjoy a strong February for the third year in a row?
If so, then altcoins should be close to their ‘Lowest Hype’ areas before preceding upside over the coming weeks.”
Source: Rekt
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