Sunday, April 28, 2019

Textbook Trend Reveals Altseason May Resume, Bitcoin (BTC) To Underperform

https://drive.google.com/uc?export=view&id=1TEOxPvwv2AcrFPcKjud5LR4V6oKgs9eN

Over the past week, altcoins (crypto assets other than Bitcoin) have begun to slip. In fact, as of the time of writing this, Bitcoin dominance is sitting at a casual 54.4%, the highest this figure has read since mid-December, when BTC was in the midst of the capitulation to the low $3,000s. This recent altcoin action is starkly contrasted by the jaw-dropping rallies we saw in digital assets such as Litecoin, Binance Coin, Tezos, and EOS over the past few months. 

But a number of analysts claim that altseason, which is when the cryptocurrency market sees its leader, BTC, underperform drastically, may soon continue.