A Bitcoin Price Correction Will Push ‘Some’ Altcoins to A Positive Price Level

2019-5-6 11:06

While Bitcoin has been rising significantly and seemingly the entire cryptocurrency market, not many altcoins have been favored. Even for those altcoins that are rising, their gains have not been proportionate with that of Bitcoin, thus the market is not very good for altcoins at the time.

However, a cryptocurrency trader known on Twitter as Scarface says a dip in Bitcoin price by a few hundred dollars would be an opportunity of a lifetime for the alts to jump on the recovery bandwagon. He does not, however, guarantee that Bitcoin will experience a dip of that magnitude, only that it will give altcoins a chance to profit from the recovery.

Scarface, however, emphasized that not all altcoins will benefit even if Bitcoin does experience such a dip because many are destined for permanent destruction with no chance of recovery. This is quite a disturbing revelation which is likely to get altcoin holders wondering which ones are sure to be destroyed.

Some traders believe Bitcoin is never going down significantly again especially below $4,000. This still reduces the chance that Altcoins could have an opportunity to enter the recovery. In fact, some a trader believes altcoins have no chance whether Bitcoin surges or dips. Does that mean Bitcoin will leave them behind if it eventually breaks through $6,000?

Bitcoin has been trying to break through the $6,000 resistance for days but has not made any significant progress so far. However, based on several analysis of the market, Bitcoin will break through the resistance if it does not crash below its current range of $5,600-$5,800. Breaking through $6,000 will mean no future for altcoins according to Scarface’s analysis.

The market is currently marginally harsh for the top cryptocurrencies including Bitcoin, except for Bitcoin Cash. Therefore there could still be a chance for the alts to rise with Bitcoin when it eventually starts another big green move again. Like Scarface asked, if Bitcoin does dips by hundreds of Dollars, an opportunity for altcoins, which will you buy?

The post A Bitcoin Price Correction Will Push ‘Some’ Altcoins to A Positive Price Level appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95511.06 (-0.52%)
Объем 24H $40.946b
Изменеия 24h: -1.38 %, 7d: -7.45 %
Cегодня L: $95217.68 - H: $97458.26
Капитализация $1891.095b Rank 1
Цена в час новости $ 5922.16 (1512.77%)

altcoins bitcoin price rising cryptocurrency market correction

Источник: zycrypto.com

altcoins bitcoin → Результатов: 126


Best Altcoins To Buy Now | Trending Alt Coins That Could Explode This Altcoin Season 2024: Slothana, Popcat, BlockDAG, eTukTuk, and ButtChain.

Following the Bitcoin halving and as the bull run roars towards a possible alt season in summer 2024, the search for the best altcoins to buy now rumbles on. Crypto altcoins, or alternatives to Bitcoin, have established themselves as essential components of many crypto enthusiasts’ portfolios.

2024-5-1 21:00


Фото:

Celsius moves altcoins to new wallets in preparation for Bitcoin and Ethereum conversion

Bankrupt crypto lender Celsius Network moved around $70 million worth of altcoins on July 5 following the recent court approval to sell them for Bitcoin (BTC) and Ethereum (ETH). Data from Arkham Intelligence showed that the lender had moved millions of altcoins and stablecoins to different wallets, including those related to crypto market maker Wintermute, […] The post Celsius moves altcoins to new wallets in preparation for Bitcoin and Ethereum conversion appeared first on CryptoSlate.

2023-7-6 23:05


Going full maxi: Tensions flare as Bitcoin expert maintains that altcoins are scams

Coder and Bitcoin maxi Jimmy Song reiterated long-held views that all altcoins are scams — renewing the debate around the inherent vulnerabilities found with centralized projects. Song goes full maxi In a tweet response to Chainstore Labs CEO Bruce Fenton, Song said altcoins are responsible for hindering Bitcoin adoption — adding that they “deserve the […] The post Going full maxi: Tensions flare as Bitcoin expert maintains that altcoins are scams appeared first on CryptoSlate.

2023-5-19 12:15


Фото:

Altcoins are About to See a “Capital Rotation” Event as Bitcoin Rally Heats Up

Altcoins are currently lagging far behind Bitcoin, which is in the process of showing the markets why it is king The benchmark cryptocurrency’s rally has provided tailwinds for other altcoins, but they have yet to reach parity with the momentum currently being seen by BTC One trader spoke about this in a recent tweet, explaining that he is now watching for there to be a capital rotation event out of Bitcoin and into altcoins He […]

2020-12-18 01:00


Bitcoin Explodes Towards $12,000 as Altcoins Plunge; What Analysts are Saying

Bitcoin has been sucking the air out of altcoins for the past few hours, with its price rallying significantly as Ethereum and other altcoins all sell-off This rally has sent it up towards $12,000, which mark fresh highs since its decline from its $12,400 yearly highs first began It does appear that bulls are currently setting their sights on a move past $12,000 Unlike Bitcoin’s previous rally – which came about in tandem with that […]

2020-10-20 21:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

What determines Bitcoin’s price?

Bitcoin’s price is influenced by a mix of factors, including supply and demand dynamics, mining costs, regulatory developments, market sentiment and more.