Ethereum (ETH) and Altcoins Face Downside Risk Amid Strong Bitcoin (BTC) Rally, Says Top Crypto Strategist - BitcoinEthereumNews.com
Bitcoin क्रिप्टो EthereumEthereum (ETH) and Altcoins Face Downside Risk Amid Strong Bitcoin (BTC) Rally, Says Top Crypto Strategist02 / 09 / 2022बिटकॉइन एथेरियम समाचार A top crypto analyst and trader is issuing a warning that Ethereum (ETH) and other altcoins could see lackluster performances as Bitcoin (BTC) continues to rally. Pseudonymous analyst Credible tells his 307,500 Twitter followers that he believes Bitcoin is in the midst of its fifth-wave rally, where BTC potentially prints a new all-time high around $80,000. According to the crypto strategist, he expects altcoins to suffer during this rally as Bitcoin attracts most of the liquidity in the crypto markets. “My thoughts on BTC dominance at this time. Long story short – BTC outperforms during initial stages of our final fifth wave impulse, alts steal the show after that as BTC tops, [and] dominance makes a new all-time low before this is all over.” स्रोत: विश्वसनीय/ट्विटर Credible adheres to the Elliott Wave theory, a technical analysis approach that forecasts future price action by following the psychology of market participants that tends to manifest in waves. According to the theory, the fifth wave is the final leg of the bull market. Meanwhile, the Bitcoin dominance Index measures the valuation of BTC in relation to