Crypto even analysis company Alphractal, in its latest analysis Bitcoin ve altcoin evaluated the market.
According to the company’s analysts, the Bitcoin chart appears to have entered a distribution phase, which may indicate that whale wallets are shifting towards altcoins.
According to Alphractal analysts, if the BTC chart has truly entered a distribution process, the price may experience a potential decline or peak. However, as a result, capital may return from Bitcoin to altcoins.
In addition, the company’s cryptocurrency analysts noted that sentiment on X and cryptocurrency news portals remains quite positive overall. People are not sharing negative content, which shows that investors are not afraid despite the recent decline. BTC price dropped from 108 thousand dollars to 92 thousand dollars.
However, analysts added that the market typically has a negative sentiment during periods such as regulations, exchange problems, network errors, and stablecoin and BTC-related FUDs that cause people to post generally negative posts.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/altcoin-bogasi-yolda-mi-analistler-yeni-gelisen-veriye-isaret-etti/
