The Altcoin market also had a successful retest around $600 billion market cap. There was a shakeout during the Iran-Israel tensions that occurred with a long wick down to the light blue support line. I think the war tensions will continue to take place, and we can see more shakeouts over the next few months so I would definitely pay attention to the news. One of the best ways is to set Twitter/X alerts for accounts that will give updates in real time. This will help you receive a notification instantly and sell as soon as there is a war incident with hopes of buying back lower after a shakeout. So far the Altcoin market has rebounded and is forming a bullish retest of the yellow resistance line. I think we can see some strong upside for the next few weeks.

The Altcoin market is trending for a bearish day while Bitcoin is showing bullish strength and dominance over the crypto market. There will be times where Bitcoin outperforms ALTS and times where ALTS outperform Bitcoin. For the next few weeks it’s likely that Bitcoin continues to outperform Altcoins. Ben Cowan published some great content with a thesis that BTC/ALT pairs could bottom out around December. This was the trend in the last cycle, and it looks like we are following a similar pattern this cycle. This does not necessarily mean that Altcoins have to go down, but it suggests that Bitcoin is performing better than Altcoins.

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