Strong altcoins look poised for a move up, according to a top crypto analyst.
The pseudonymous crypto trader known as Pentoshi tells his 809,600 followers on the social media platform X that the digital asset market is currently in an important spot for altcoins.
[adinserter block="1"]“I personally like the structure or basing taking place. It looks constructive for another move higher. There’s certainly a lot of upside *IF* this can be flipped from resistance to support.
I’ve been very bullish on BTC, and this is a type of spot where MANY not ALL alts can get stuck on BTC/USD pivots and bleed vs BTC and [Bitcoin Dominance] can continue up. It’s just something to be aware of with your exposure. So I certainly wouldn’t be chasing lagging alts. And would only focus on ones with a clear [higher highs and higher lows] uptrend and continued strength during BTC’s moves so far.”
Pentoshi also notes that it looks like Bitcoin (BTC) is in an all-time high “waiting room.”
“Hard to not call this a higher high. Congrats to those who had patience. Everyone gets it at the price they deserve.”
Bitcoin is trading at $67,319 at time of writing. The top-ranked crypto asset by market cap has largely traded sideways in the past week.
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