Is that really the case?
What about Bitcoin? The next week or two will be dominated by altcoins!!!
Haven’t you noticed? Altcoins seem to have gotten out of Bitcoin’s control
While Bitcoin is falling, altcoins are still on the rise, not paying any attention to Bitcoin
The altcoin market is showing signs of reversing its recent bearish trend, plummeting from a peak of $1.26 trillion in March to a low of $960 billion on June 24.
As July arrives, the market has seen a clear rebound, with the altcoin market up nearly 3% in the past few days, breaking through the $1 trillion mark again, with a current market cap of $1.025 trillion.
The recovery in the altcoin market is closely tied to the simultaneous recovery of Bitcoin [BTC]. BTC has risen by about 2.7% in the past week, with prices fluctuating between $62,000 and $63,000.
We can clearly see that Bitcoin’s trading in this range indicates bullish momentum over the past 24 hours, such as the formation of a “pin candle”.
This pattern often hints at a potential bullish reversal. During the Sniper Trade Show, bulls pushed prices higher on weekly and monthly closes. This indicates strong upward momentum.
Altcoins are on track to surge 40% this week, with prominent tokens including Solana [SOL] showing significant activity. Analyzing the Ethereum vs Bitcoin chart, Ethereum’s value could see a trend reversal and recovery.
Many altcoins show potential on longer timeframes. With strong RSI levels indicating a bullish divergence, these tokens could soon outperform Ethereum and Bitcoin.
