In his recent video, Analyst Josh called the current altcoin market a “choptastic” mess, explaining why it’s wise to tread carefully with altcoins right now.
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Bitcoin’s performance is essential to altcoins, and until BTC shows clear direction, alts are likely to stagnate. Currently, Bitcoin hovers below the 200-day moving average, making the altcoin scene volatile and uncertain.
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A strong dollar, high rates, and low liquidity are unfavorable for altcoins, which historically thrive in low-rate, high-liquidity environments.
Josh highlighted that until we see definitive bullish signals, alts are essentially “dead money.” While short-term traders might find quick trades on decentralized exchanges, Josh warns that most will see limited success in this market. For now, patience is key, as he suggests waiting for Bitcoin or Ethereum to show strength before diving back into alts. Until then, Josh advises crypto holders to “go fishing” and wait for better conditions.
