Altcoins will Bleeding back against Bitcoin

2023년 7월 6일

This is how I analyze the crypto market with the 200 EMA as the base indicator to identify the different between the bitcoin, total market capitalization and the altcoins market capitalization. Based on the structure, we can see that the recent bull run is mainly affected by the movement of the bitcoin. The interest in altcoins literally is going down as of now. That's why we can expect a continuation rally to the downside for altcoins.