Crypto expert Pepesso has identified a potential 'double top' pattern in Bitcoin's price, reminiscent of the 2021 pattern that preceded a significant market downturn. This development could herald a new altcoin season, as historical trends show altcoins often rally when Bitcoin's dominance wanes.
The altcoin market might experience a surge if investors redirect capital from Bitcoin to other cryptocurrencies. This shift could be bolstered by upcoming events such as Ethereum's Fusaka upgrade on December 3 and the introduction of spot ETFs for altcoins like Litecoin and Solana. Meanwhile, the Best Wallet project is in presale for its native token $BEST, having already raised $16.8 million.
Crypto Analyst Warns of Bitcoin Double Top, Hints at Altseason
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
