The #Altcoin Cycle 🤔
1) Initial Rise
2) Pullback & forms higher low
3) Up Only
If the Altcoin cycle follows, the recent surge in memecoins should be the Initial rise in price.
Many retailers might have bought the local top expecting quick gains. However, prices takes a short term pullback, forms a higher lows & consolidates for next few weeks before it enters Up Only (post halving).
If this scenario plays out - Short-term investors looking for quick gains might get wiped out, anyone planning for next 12 months should be good 🤝
#HotTrends
#BTC
