<ul class="news-points"> 
 <li>Crypto analyst Mags predicts the altcoin bear market is nearing its end.</li> 
 <li>The trade believes the altcoin market is still in the accumulation phase, which may last a few more weeks.</li> 
 <li>This is the time to focus on long-term plays and adopt DCA, according to the analyst.</li> 
</ul> 
A <a href="https://coinedition.com/what-is-cryptocurrency-a-complete-beginners-guide/">cryptocurrency</a> trader and analyst identified on Twitter as Mags predicted that the altcoin bear market was nearing its end. According to Mags, the altcoin market was still in the accumulation phase, which may last a few more weeks or months. However, he noted that the worst days were already behind. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Altcoin Marketcap ( <a href="https://twitter.com/hashtag/Total2?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Total2</a> ) <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/270d.png" alt="✍" class="wp-smiley" style="height: 1em; max-height: 1em;"> The <a href="https://twitter.com/hashtag/altcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#altcoin</a> marketcap is still in an accumulation phase, which may last a few more weeks/ months. There might be a little more downside left but imo, the worst is behind us already (most likely )<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f91e.png" alt="🤞" class="wp-smiley" style="height: 1em; max-height: 1em;"> It might seem uninteresting &amp; boring time.… <a href="https://t.co/vwfe8hMd8e" target="_blank" rel="nofollow">pic.twitter.com/vwfe8hMd8e</a>— Mags (@thescalpingpro) <a href="https://twitter.com/thescalpingpro/status/1670083579727212544?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 17, 2023</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
Despite Mags’ bullish sentiment, he acknowledged there could be some downward pressure in the altcoin market before a conclusive reversal. He explained his position using a screenshot of the <a href="https://coinedition.com/tag/altcoin-alt-news">altcoin market</a> cap chart. 
The chart showed that the altcoin market cap …
The post <a rel="nofollow" href="https://coinedition.com/crypto-analyst-altcoin-accumulation-may-last-a-few-more-weeks/">Crypto Analyst: Altcoin Accumulation May Last a Few More Weeks</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Crypto Analyst: Altcoin Accumulation May Last a Few More Weeks

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