Crypto analyst Miles Deutscher unveils his top 9 altcoins for potential investment.
Deutscher advises increasing stablecoin holdings while awaiting Bitcoin’s price action.
The analyst also pointed out 4 altcoins that have lost important support levels.
Crypto analyst and investor Miles Deutscher recently shared a YouTube video outlining his approach to altcoin investing, including a list of nine promising digital assets. Additionally, Deutscher provided a recap of Bitcoin’s price action and potential short-term moves.
The analyst detailed the scenarios in which he will invest heavily in altcoins while also sharing a list of nine digital assets that he has his eyes on. Additionally, the analyst also recapped the price action of Bitcoin (BTC) and the potential moves of the leading digital asset in the short term.
In the video, Deutscher highlighted Bitcoin’s recent struggles, noting that it lost support at $60,000 due to factors like the Bank of Japan’s interest rate hike and Kamala Harris’s increasing popularity in the U.S. presidential race. He advised investors to increase their stablecoin holdings to 20-30% and wait for a possible retest of the $50,000-$52,000 price region, a major support level for Bitcoin.
Furthermore, Deutscher recommended waiting for confirmation that Bitcoin has flipped the $60,000 level into support and made a move towards $70,000 before investing more heavily.
Deutscher’s list of nine promising altcoins included Solana (SOL), Jupiter (JUP), Toncoin (TON), Mog Coin (MOG), Popcat (POPCAT), NEIRO (NEIRO), Ondo (ONDO), Pendle (PENDLE), and Bittensor (TAO). Interestingly enough, several meme coins had also made the list, reflecting the recent surge in popularity of this sector.
On the other hand, Deutscher suggested shorting Injective (INJ), Cardano (ADA), Avalanche (AVAX), and Cosmos (ATOM) due to their recent losses of key support levels. He concluded by advising investors to increase their altcoin exposure if Bitcoin breaks above $60,000 and captures the 200-day Moving Average.
The post Analyst’s Top 9 Altcoins to Buy as Bitcoin Eyes $70K appeared first on Coin Edition.
