Altcoins surged last week, following Bitcoin’s (BTC) leadership in what some analysts are calling “the biggest crypto bull run ever.” However, a cryptocurrency trading expert warns of caution as all cryptocurrencies could soon start bleeding before “sending them much higher.”
In the past seven days, US-based altcoin projects like Ripple’s XRP, IOHK’s Cardano (ADA), and Algorand’s (ALGO) got the spotlight. XRP, for example, surged by over 83% in a week, as Finbold reported, breaking the $1 mark and eyeing $8.
Yet, CrypNuevo believes this bull rally could soon face resistance and bleed into a “shallow pullback” in the following days. The analyst shared this projection on November 14, looking at BTC psychological levels and TradingView’s Bitcoin Dominance Index (BTC.D).
Moreover, the S&P 500 6,000 psychological level may also play a key role in this scenario, pulling everything down in a long overdue market correction.
Bitcoin (BTC) price prediction
We współpracy z: https://finbold.com/trading-expert-warns-altcoins-will-bleed-before-going-much-higher/
