Bitcoin Dips, Alts Bleed: Fire Sale or Upcoming Disaster?
Hey everyone,
Just like last week, Bitcoin (BTC) is taking a correction right now, trading around $63.2K. The next target looks like $62K, which could be a good chance to buy in. BTC is down 7% in the last day and 12% over the past week. But trust me, this is a healthy dip! If it crashes further and hits $50k, wouldn't be surprised. But I still believe BTC will climb from $60k to $72k this week.
Now, the big question: why are altcoins bleeding so much? It's because Bitcoin dominance is on the rise, jumping from 50.2% to 52.5%. Once Bitcoin settles in that $60k-$72k zone, expect altcoins to pump.
Get ready for altcoins to skyrocket in the coming days! Almost all of them are down 10% to 50%, which is a golden buying opportunity, especially for AI coins like $AGIX, $RNDR, $FET, $NEAR, $TAO, $GRT, $THETA, $ROSE, and $ARKM. Don't miss out on other coins like $SLP, $Axs, $IMX, $Gala, $Sand, $Mana, $Bome, $Pepe, $Shib, and even $Ethfi.
This is not financial advice, but just my take on the market. Do your own research before you invest anything. Remember, crypto is wild, and there's always a chance you could lose money.
