In his latest video, Josh, a well-known crypto analyst, discusses the current state of altcoins.
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He emphasizes that while many traders are eager to see altcoins outperform Bitcoin, the reality is that most are underperforming.
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Bitcoin’s movements still dictate the broader crypto market, and altcoins are largely just amplifications of Bitcoin’s price action. For now, altcoin traders must be patient as the market remains in a period of consolidation.
Josh advises against trying to "call the bottom" or make premature trades, especially as altcoin dominance hasn't shown clear signs of reversal. He also points out that regulatory shifts, such as potential changes with stablecoins like USDC, could impact the market.
However, for now, the best strategy for altcoin traders is to wait for clearer signals - whether that be from Bitcoin’s next move or from technical indicators like moving averages.
