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Bitcoin Nears Intermediate Peak; Altcoins at Cyclical Bottom
I think Bitcoin is nearing an intermediate peak rather than the final top of the cycle.
I also believe many altcoins are trading at a cyclical bottom before a further leg, offering selective buying opportunities once signs of recovery emerge.
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Analysis
BTC's current action looks like a late-stage move within the ongoing leg, likely to encounter resistance and consolidation; altcoins show signs of capitulation and breadth compression that often prece...
Recommendation
Watch Bitcoin for confirmation of a local top and protect profits; consider selectively accumulating high-quality altcoins on weakness or after early reversal signals.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.