2024

Terra Classic

Bitcoin

when

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 <p class="paragraph">Bitcoin (BTC) has slightly retraced after an impressive run above $50,000 earlier this week. While the leading cryptocurrency tries to discover its current supports and resistances, altcoins might offer good risk-reward ratios.</p>
 <p class="paragraph">In the meantime, expert <a rel="noopener noreferrer nofollow" title="traders" href="https://thebittimes.com/tag/traders.html">traders</a> discuss their expectations and investment thesis on the altcoin market. An altcoin is any cryptocurrency that is not Bitcoin and usually shows higher volatility.</p>
 <p class="paragraph">Essentially, investors expect altcoins to outperform BTC in bull markets and underperform the leader in bear markets. The expert trader known as <em>CrediBULL Crypto</em> has commented on these dynamics.</p>
 <p class="paragraph">In particular, he explained that an Altcoin rally is not necessarily when money rotates from Bitcoin to other cryptocurrencies. Instead, it is mostly fueled by a capital inflow to the whole market, causing larger price increases in smaller market caps.</p>
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    <p lang="en" dir="ltr">No the initial alt rally is not necessarily fueled by a rotation out of BTC and into alts- rather it’s fueled by the influx of new money into the space in general- which makes it way to BOTH BTC and alts, but because of the relative market caps of alts vs BTC we see the effects… https://t.co/mgL67m3cfu</p>— CrediBULL Crypto (@CredibleCrypto) February 13, 2024
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 <h2 class="wp-block-heading" id="h-bitcoin-dominance-and-altcoins-pump-incoming">Bitcoin dominance and altcoins pump incoming</h2>
 <p class="paragraph">Nevertheless, Bitcoin dominance (BTC.D) is a reliable indicator of an altseason – when altcoins pump and outperform BTC. Notably, BTC.D reached a third-consecutive lower-high at 54.03% on February 12, suggesting a dominance downtrend.</p>
 <p class="paragraph">Bitcoin currently has around 53.62% of the entire market’s capitalization, which is expected to decrease during an altcoin rally.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/02/14/43ae9d329475a3c4affe72cc6fe31a29.webp" alt class="wp-image-154797" srcset="https://cdn.thebittimes.com/images/2024/02/14/43ae9d329475a3c4affe72cc6fe31a29.webp 1024w, https://cdn.thebittimes.com/images/2024/02/14/43ae9d329475a3c4affe72cc6fe31a29.webp 300w, https://cdn.thebittimes.com/images/2024/02/14/43ae9d329475a3c4affe72cc6fe31a29.webp 768w, https://cdn.thebittimes.com/images/2024/02/14/43ae9d329475a3c4affe72cc6fe31a29.webp 1536w, https://cdn.thebittimes.com/images/2024/02/14/43ae9d329475a3c4affe72cc6fe31a29.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Bitcoin dominance (BTC.D) daily chart. Source: <em>TradingView</em> (Finbold)
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 <p class="paragraph">Meanwhile, another expert <a rel="noopener noreferrer nofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a>, <em>Cevo</em> on X (formerly Twitter), eagerly awaits more volatility and an altcoin <a rel="noopener noreferrer nofollow" title="expansion" href="https://thebittimes.com/tag/expansion.html">expansion</a> phase. However, he has also warned that pumps and dumps will be “more aggressive from now on.” Urging investors to “stay calm and make decisions with a clear mind.”</p>
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    <p lang="en" dir="ltr">The accumulation phase of many alts coming to an end. It’s time for <a rel="noopener noreferrer nofollow" title="expansion" href="https://thebittimes.com/tag/expansion.html">expansion</a>. This is the most difficult phase to manage your positions and control your emotions. Everything (pumps/dumps) will be more aggressive from now on. Stay calm and make decisions with a clear mind https://t.co/wtrdOz3Nqh</p>— cevo (@cryptocevo) February 13, 2024
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 <p class="paragraph">On the other hand, Bitcoin must be able to hold its current levels for altcoins to flourish. Cryptocurrencies will likely follow any relevant retracements from the leader, delaying the awaited <a rel="noopener noreferrer nofollow" title="expansion" href="https://thebittimes.com/tag/expansion.html">expansion</a> phase or altseason.</p>
 <p class="paragraph">All in all, it is evident how investors must learn about risk management and how to control their emotions moving forward. The cryptocurrency market is naturally uncertain and volatile, but according to <em>Cevo</em>, these characteristics could increase in 2024.</p>
 <p class="paragraph">Finbold has published a list of altcoins below $1 billion and $10 billion to watch for the year.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/altcoin-expansion-alert-expert-traders-await-the-pump-tbt79724.html">https://thebittimes.com/altcoin-expansion-alert-expert-traders-await-the-pump-tbt79724.html</a></p>

Altcoin expansion alert: Expert traders await the pump

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