Week 51 Altcoins Analysis

by Dec 19, 2022Altcoin Weekly Analysis, Weekly Analysis0 comments

Due to the problems identified in the Bitcoin analysis, altcoins also experienced a correction along with bitcoin, though their rate of correction was higher due to bitcoin’s bullish dominance. On the other hand, due to news that the Genesis company had sold a significant portion of its assets, a number of altcoins in this company’s seed, including FIL, experienced a 30% decline.

BTC.D Chart

Due to the nature of this index, a correction is anticipated due to Bitcoin’s dominance hitting the resistance zone, and there has been a relative recovery of altcoins. High-potential altcoins, meanwhile, have additional opportunities this week to increase or pump.

See also  Week 4 (2023) Altcoins Analysis

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