Greetings everyone,
Bitcoin is currently experiencing a correction, trading at $63.2K, with a projected target of $62K, presenting a promising buying opportunity. While it's down 7% in the last 24 hours and 12% in the past week, this correction is viewed as healthy. In the event of a more severe crash towards $50K, it wouldn't be unexpected. However, there's optimism that Bitcoin will rebound to a range between $60K and $72K this week.
The recent downtrend in altcoins can be attributed to the increasing dominance of Bitcoin, which has risen from 50.2% to 52.5%. Once Bitcoin stabilizes within the mentioned range, we anticipate a surge in altcoins.
This presents an opportune moment to consider investing in altcoins, with many experiencing significant declines ranging from 10% to 50%. Particularly noteworthy are AI and networking coins such as $AGIX, $RNDR, $FET , $NEAR , $TAO , $GRT , $THETA , $ROSE , $ARKM, alongside other promising options like $SLP, $AXS, $IMX, $GALA, $SAND, $MANA, $BOME, $PEPE, $KEY.$REI
Keep an eye on these hot trends and market updates as opportunities arise.
