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<p>The crypto markets are experiencing a strong correction today, with the overall market down 8% while Bitcoin has dropped 7% to trade around $63,000. This represents a significant pullback from Bitcoin’s all-time high of around $73,000 set earlier this month.</p>
<p>However, according to CryptoAmsterdam, a popular crypto analyst with over 100,000 followers on X, this correction presents an opportunity for investors to “buy the dip” in altcoins.</p>
<p>In <a href="https://twitter.com/damskotrades/status/1769979830106243396" target="_blank" rel="noopener noreferrer nofollow">a recent X thread</a>, CryptoAmsterdam stated that these “bull market flushes” are normal and expected in a cryptocurrency bull run. He shared a chart showing that in the first half of a bull market, Bitcoin typically leads the way, while altcoins catch up in the second half with <em><strong>parabolic </strong></em>moves.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="616" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-826-1024x616.png" alt="" class="wp-image-455436" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-826-1024x616.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-826-300x180.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-826-766x461.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-826-1536x924.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-826-2048x1232.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-826-249x150.png 249w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-826-100x60.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-826-582x350.png 582w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-826-788x473.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>CryptoAmsterdam outlined two potential scenarios playing out:</p>
<ul>
 <li><strong>Scenario 1</strong>: Bitcoin finds support at or near its current range high, while altcoins bounce between the 0.25 and 0.5 range levels after many experienced 20-40% declines.</li>
 <li><strong>Scenario 2</strong>: Bitcoin dips into the 0.75 range, and altcoins dip into the 0.25 zone, offering a final “capitulation flush” across the board.</li>
</ul>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="613" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-825-1024x613.png" alt="" class="wp-image-455428" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-825-1024x613.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-825-300x180.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-825-767x459.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-825-1536x920.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-825-2048x1226.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-825-251x150.png 251w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-825-100x60.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-825-585x350.png 585w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-825-788x471.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>While it’s impossible to predict which scenario will unfold, the analyst believes now is a good time to start gradually scaling into favorite altcoin positions. He emphasized that in a bull market, it’s not about timing the absolute bottom but rather having exposure to the market.</p>
<p>CryptoAmsterdam advised looking at which sectors have outperformed recently, such as <a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="AI" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">AI</a>, DeFi, and meme coins, as they will likely continue to lead. He suggested zooming out to higher time frame charts and market support zones, spreading out buy orders as prices decline rather than trying to pinpoint exact levels.</p>
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<p>Lastly, the analyst recommended using spot positions rather than leverage and cautioned that these periods distinguish the “winners” who buy the dips from those who will lose by chasing green weekly candles.</p>
<p>Overall, while Bitcoin has pulled back sharply, CryptoAmsterdam and many other analysts view the current climate as a prime opportunity to accumulate altcoins before the next potential parabolic move in the second half of this cryptocurrency bull cycle.</p>
<p>You may also be interested in:</p>
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 <li><a href="https://captainaltcoin.com/bitcoin-enters-danger-zone-as-halving-approaches-analysts-eye-fomc-meeting-for-btcs-next-move/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Enters “Danger Zone” as Halving Approaches, Analysts Eye FOMC Meeting For BTC’s Next Move</a></li>
 <li><a href="https://captainaltcoin.com/xrp-dot-insights-blockdags-rise-as-cryptos-next-1000x/" target="_blank" rel="noopener noreferrer nofollow">XRP Navigates Market Waves As Polkadot Eyes Bullish Horizon; Is BlockDAG The Next 1000x Crypto Marvel?</a></li>
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<p>The post <a href="https://captainaltcoin.com/bitcoin-dip-paves-way-for-parabolic-moves-in-altcoins-says-popular-analyst-heres-his-outlook/" rel="noopener noreferrer nofollow">Bitcoin Dip Paves Way for ‘Parabolic’ Moves in Altcoins, Says Popular Analyst – Here’s His Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Dip Paves Way for ‘Parabolic’ Moves in Altcoins, Says Popular Analyst – Here’s His Outlook

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