Bitcoin

DeFi

Polkadot

Chainlink

Cosmos

<p>The post <a href="https://coinpedia.org/price-analysis/top-altcoins-to-watch-as-bitcoin-price-signals-short-term-weaknesses/" rel="noopener noreferrer nofollow">Top Altcoins to Watch as Bitcoin Price Signals Short-term Weaknesses</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The cryptocurrency market has remained relatively unchanged in the past few days, signaling a calm before the storm. With the fourth Bitcoin (BTC) halving about 25 days from now, more cash inflows have been recorded in the past two months.&nbsp;</p>
<p>However, the latest weekly report from CoinShares shows that cash inflows to crypto investment products have dramatically declined. Notably, last week marked the end of a seven-week cycle of cash inflow as investors withdrew about $942 million from crypto investment products.</p>
<h2 class="wp-block-heading" id="h-bitcoin-bulls-take-a-breather">Bitcoin Bulls Take a Breather</h2>
<p>After reaching a new all-time high (ATH) of around $74k, Bitcoin price has struggled to rally beyond this psychological resistance level in the past few days. Although the flagship coin has already confirmed the macro bull cycle, popular crypto analyst Michaël van de Poppe believes a further consolidation before continuing with the bullish trend is inevitable.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> consolidating. <br><br>I think that we're close to the peak of this run, but I think we'll have another ATH test, perhaps even $75-80K pre-halving and then we're correcting.<br><br>During that consolidation / correction phase, I expect altcoins to outperform. <a href="https://t.co/bnQjYuIzrr" rel="noopener noreferrer nofollow">pic.twitter.com/bnQjYuIzrr</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1772905453854274038?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 27, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>In the short term, Poppe expects Bitcoin price to reach a new high of between $75k and $80k before the upcoming halving and continue with the midterm correction.</p>
<h2 class="wp-block-heading" id="h-altseason-ahead">Altseason Ahead</h2>
<p>As Bitcoin price consolidated in the coming weeks, Poppe highlighted that the altcoin industry will shine amid the ongoing crypto cash rotation.</p>
<p>Some top altcoins to pay close attention to include those in the layer one (L1) sector, AI-focused crypto projects, the DeFi sector focused on real-world asset (RWA) tokenization, and layer zero projects.&nbsp;</p>
<p>Specifically, altcoins with greater bullish potential include Chainlink (LINK), UBXS (UBXS), Polkadot (DOT), Cosmos Hub (ATOM), and Ethereum (ETH).</p>

Top Altcoins to Watch as Bitcoin Price Signals Short-term Weaknesses

Table of Contents

CoinPedia News

Other articles published on Mar 27, 2024

Bitcoin ETF Daily Inflows Jump Back Above $400 Million, Fidelity Leads

BlockDAG: A Presale Gem Set To Surge 5000% In 2024 Stuns Venom And Injective Investors

Choosing Between dogwifhat and BONK: Which Meme Coin Should You Invest In?

KuCoin deemed ‘fine’ by analyst, despite criminal allegations

Zircuit Launches Build to Earn Program to Reward Ecosystem Contributors (27 Mar)

KuCoin Token Price Prediction: KCS Plunges 15% As KuCoin Charged By DoJ And Traders Rush To This ...

Join our free newsletter for daily crypto updates!